lightning bolt icon to show concept for quick lessons Quick Lesson

Video: Escrowing Taxes and Insurance

  • Facebook
  • Twitter
  • LinkedIn
  • LinkedIn Copied link to Clipboard!

Learn the advantage of escrowing taxes and insurance on your mortgage.

Video Transcript

The advantage of escrowing taxes and insurance on your mortgage:

To help you conveniently budget for property taxes and insurance Ent creates a mortgage escrow account.

Your monthly escrow payment is based on your annual:

(Property Taxes + Insurance Premiums)/12 = Monthly Escrow Payment

Your monthly escrow payment is included in your mortgage payment.

Then, when your property taxes and insurance are due Ent pays them from your escrow account.

Every year, we review your property taxes and insurance premiums and send you an annual mortgage escrow report.

As your property taxes or insurance premiums change annually so will your annual escrow payment.

Which changes your monthly mortgage payment amount for a year.

To learn more, visit ent.com/escrowanalysis

 

Equal Housing Lender | Equal Opportunity Lender | Federally Insured by NCUA

Related Resources

View All