August 8, 2022
What Is Mortgage Escrow In 90 Seconds Or Less thumbnail

Escrow is giving your lender permission to collect and pay your annual real estate tax bill and homeowner’s insurance premium when they come due. Mortgage lender prefer that homeowners escrow because it reduces mortgage lending risk. Homeowners that use escrow often get lower mortgage rates.

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Homebuyer.com is a mortgage company, backed by a federal mortgage lending license. We are not a mortgage marketplace. This channel gives straight-forward advice about mortgages, real estate, and how to buy your first home. We cover important topics to renters and other first-time buyers including how to get your mortgage approved, where to use low- and no-down payment mortgages, and how to find federal, state, and local programs that gives tax credits and cash grants to first-time home buyers.

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Homebuyer.com is powered by Novus Home Mortgage, a division of Ixonia Bank, NMLS 423065. www.nmlsconsumeraccess.org The content in this advertisement is for informational purposes only. Homebuyer is located at 230 Findlay Street, Cincinnati, Ohio 45202. Call Homebuyer at 513-824-8171. Novus Home Mortgage, a division of Ixonia Bank, is located at 20935 Swenson Drive Suite 420, Waukesha, Wisconsin 53186. Reach Novus Home Mortgage by phone at 844-337-2548. We have no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency. US Government agencies have not reviewed this information and this site is not connected with any government agency. Equal Housing Lender.

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