Funds that the lender collects monthly to pay the monthly Mortgage Insurance premiums, Homeowners Insurance Policy premiums, and yearly property taxes.
Escrow Account
| Insurance Dictionary: Escrow Account |
| 5min Related Video: Escrow Account |
| Real Estate Dictionary: Escrow Account |
Same as Trust Account.
Learn More
 | Impound Account |
| In Escrow |
| Trust Account (business term) |
 | What is a escrow coded account? Read answer... |
| What is the concept of escrow account? Read answer... |
| How does a seller open an escrow account? Read answer... |
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 | Escrow account should be held where? |
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Copyrights:
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 | Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
Related answers
- What is escrow account?
- What is an escrow account?
- What is a mortgage escrow account?
- What are the benefits of an escrow account?
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- What is escrows account?
- How is an Escrow Account opened?
- Why is money in a will left in an escrow account?
- Are escrow accounts necessary?
Mentioned in
- Impound Account
- In Escrow
- Trust Account (business term)
- Loan Terms
- Prepayments
- Principal, Interest, Taxes, and Insurance Payment (PITI) (business term)
- Earnest Money (finance term)
- Prepaids (At Closing)
- Escrowed to Maturity (ETM) (finance term)
- Hazard Insurance (in banking)
- Performance Bond (in banking)
- Taxpayer Identification Number (TIN) (in banking)
- Fixed Payment Mortgage
- Tax and Insurance Escrow
