Camille Hunsperger

Camille Hunsperger

Finance expert. Passionate parent advisor. Total art fanatic. Infuriatingly humble pop culture expert.

48 Total Posts
What is an Escrow Account on a Mortgage Loan?

What is an Escrow Account on a Mortgage Loan?

Home equity accounts are generally used to collect and pay property taxes and home insurance payments. Lenders want to...

What Happens to Escrow Funds When You Refinance Your Mortgage?

What Happens to Escrow Funds When You Refinance Your Mortgage?

When you choose to refinance a loan, the original escrow account remains with the previous loan. Unfortunately, these...

What is an Escrow Account for a Mortgage?

What is an Escrow Account for a Mortgage?

When you purchase a home, your lender will open an escrow account to pay your taxes and insurance. This account is funded ...

What Happens to Your Escrow Account When You Pay Off Your Mortgage?

What Happens to Your Escrow Account When You Pay Off Your Mortgage?

Paying off your mortgage is a remarkable feat, and it's important to know what happens to your escrow account when you...

What Happens to Your Escrow Account When Your Mortgage is Paid Off?

What Happens to Your Escrow Account When Your Mortgage is Paid Off?

Once the funds have been registered for the mortgage payment, that lender will return the money you have in custody with...

The Pros and Cons of an Escrow Account

The Pros and Cons of an Escrow Account

An escrow account is a special account that holds money for expenses such as mortgage insurance premiums and property...

What happens to escrow balance when you sell?

What happens to escrow balance when you sell?

When you sell your home, the lender must receive full payment on the remaining balance of your mortgage. After receiving...

Understanding Escrow Statements: When and How to Receive Them

Understanding Escrow Statements: When and How to Receive Them

When you own a home, it's likely that you have an escrow or seizure account with your mortgage lender. This account is...

What is an Escrow Account and Who Maintains It?

What is an Escrow Account and Who Maintains It?

Escrow accounts are a common feature of mortgage lending, used by lenders to save money and pay for expenses such as...

What Happens to Money in an Escrow Account?

What Happens to Money in an Escrow Account?

When you purchase a home, your lender will open an escrow account to pay your taxes and insurance. This account is...

Everything You Need to Know About Mortgage Escrow Accounts

Everything You Need to Know About Mortgage Escrow Accounts

Your mortgage lender creates an escrow account, sometimes called a seizure account depending on where you live, to pay...

The Benefits and Drawbacks of Using an Escrow Account

The Benefits and Drawbacks of Using an Escrow Account

When it comes to buying or selling a home, an escrow account can be a great way to protect both buyers and sellers. An...

Can You Cancel Your Escrow Account Mortgage?

Can You Cancel Your Escrow Account Mortgage?

The good news is that an escrow account can be closed once you meet the eligibility requirements. Depending on the...

Everything You Need to Know About Escrow Accounts

Everything You Need to Know About Escrow Accounts

Escrow accounts are a great way to plan and save for payments that come up throughout the year. An escrow account is a...

What is an Escrow Account and How Does it Work?

What is an Escrow Account and How Does it Work?

An escrow account is a secure, third-party managed account that holds money or assets until predetermined contractual...

The Pros and Cons of Not Having an Escrow Account

The Pros and Cons of Not Having an Escrow Account

When it comes to buying a home, one of the most important decisions you'll have to make is whether or not to open an...

The Benefits of Having an Escrow Account

The Benefits of Having an Escrow Account

When buying or selling a home, having an escrow account can be a great way to ensure that your property taxes and home...

What is the Purpose of a Mortgage Escrow Account?

What is the Purpose of a Mortgage Escrow Account?

When closing a mortgage, your lender can open a mortgage deposit account in which part of the monthly loan payment is...

Who Regulates Mortgage Escrow Accounts?

Who Regulates Mortgage Escrow Accounts?

When it comes to mortgage escrow accounts, there are certain regulations that must be followed. An escrow account is a...

Everything You Need to Know About Mortgage Escrow Accounts

Everything You Need to Know About Mortgage Escrow Accounts

When you buy a home, your lender will open an escrow account to pay your taxes and insurance. This account is managed by...

Everything You Need to Know About Escrow Analysis

Everything You Need to Know About Escrow Analysis

An escrow analysis is an important part of managing your mortgage. Every year, usually around February, mortgage...

The Pros and Cons of Including Escrow in Your Mortgage

The Pros and Cons of Including Escrow in Your Mortgage

Having an escrow account for your mortgage can be a great way to ensure that your property taxes and home insurance...

Do You Need an Escrow Account for Your Mortgage?

Do You Need an Escrow Account for Your Mortgage?

When it comes to mortgages, there is no legal requirement for lenders to impose an escrow account on borrowers. However,...

Who benefits from an escrow account?

Who benefits from an escrow account?

Buyers, sellers and homeowners alike can benefit from the protection offered by a real estate escrow account....

The Benefits of Having an Escrow Account

The Benefits of Having an Escrow Account

Having an escrow account is a great way to ensure that your property taxes and home insurance payments are paid on time...

Everything You Need to Know About Adding an Escrow Account to Your Mortgage

Everything You Need to Know About Adding an Escrow Account to Your Mortgage

Most mortgage lenders allow borrowers to open escrow accounts to cover insurance premiums and taxes. Each lender sets its ...

Who Manages Escrow Accounts and How Does It Work?

Who Manages Escrow Accounts and How Does It Work?

Escrow accounts are managed by a third-party escrow agent, who is responsible for releasing assets or funds only after...

A Comprehensive Guide to Opening an Escrow Account for Mortgage

A Comprehensive Guide to Opening an Escrow Account for Mortgage

Are you looking to buy a home and need to understand the process of opening an escrow account for mortgage? An escrow...

When is a Mortgage Escrow Refund Available?

When is a Mortgage Escrow Refund Available?

Refinancing your mortgage can be a great way to take advantage of a lower monthly payment. When you refinance, you get a...

What is the Purpose of an Escrow Account in a Mortgage?

What is the Purpose of an Escrow Account in a Mortgage?

When you purchase a home, your mortgage lender will open an escrow account to pay your taxes and insurance. This account...

The Pros and Cons of an Escrow Account Explained

The Pros and Cons of an Escrow Account Explained

An escrow account, also known as a seizure account, is a financial tool used to protect the interests of both the lender...

What is the Purpose of an Escrow Account?

What is the Purpose of an Escrow Account?

The security deposit is a convenient way to manage your home's property taxes and insurance premiums, since you don't...

What is an Escrow Account and How Does it Work?

What is an Escrow Account and How Does it Work?

When you purchase a home, you may be required to set up an escrow account. This account is used to hold funds for taxes,...

Should I Open an Escrow Account?

Should I Open an Escrow Account?

When it comes to mortgages, an escrow account can be a great way to ensure that important bills are paid on time and that ...

The Benefits of Having an Escrow Account with a Mortgage

The Benefits of Having an Escrow Account with a Mortgage

Most borrowers don't require an escrow account, but having one can be beneficial in many ways. An escrow account is a...

How do i set up an escrow account?

How do i set up an escrow account?

Some of the steps sellers must follow are very similar in the initial stages of the escrow process, but there are also...

How Long Does Money Stay in an Escrow Account?

How Long Does Money Stay in an Escrow Account?

The escrow process is typically completed within 30 to 60 days, although the timeframe may vary depending on the...

A Comprehensive Guide to Escrow Accounts

A Comprehensive Guide to Escrow Accounts

Escrow accounts are a secure way to manage the exchange of money and property between two parties. They are commonly used ...

What is Escrow and How Does it Work?

What is Escrow and How Does it Work?

Escrow is a legal agreement between two parties for a third party to hold money or assets until certain conditions are...

Understanding Escrow Analysis and How It Affects Your Mortgage Payments

Understanding Escrow Analysis and How It Affects Your Mortgage Payments

When it comes to mortgage payments, escrow accounts can be one of the most confusing elements for homebuyers and even...