The bank usually pays taxes and Insurance from the escrow account. You pay into escrow every month. If insurance goes up, so does the amount you pay into escrow
That is only if your mortgage was written that way. I don’t know if mortgages are “usually” written that way, but only my first mortgage had an escrow account.
The bank usually pays taxes and Insurance from the escrow account. You pay into escrow every month. If insurance goes up, so does the amount you pay into escrow
That is only if your mortgage was written that way. I don’t know if mortgages are “usually” written that way, but only my first mortgage had an escrow account.