Escrow is an important component of homeownership, but for many homeowners, especially first-time homebuyers, understanding escrow accounts and the annual escrow analysis can be confusing. According ...

There’s more to know than just how much you owe each month. MoMo Productions / Getty Images Homeownership is saddled with a lot of financial terms that may end up sounding like another language to the ...

Q: Our local paper published your letter from the folks who had to send a certified check for their final mortgage payment after 30 years of monthly payments. We experienced an unexpected final ...

Mortgage escrow accounts require a two-month expense cushion, impacting initial deposits. The aggregate adjustment addresses mismatch between expenses and payment schedules. A negative month-end ...

Forbes contributors publish independent expert analyses and insights. I write about consumer finance with micro and macro perspectives. Mortgage lenders generally require borrowers to include taxes ...

When: East Hempfield Twp. Board of Supervisors meeting, Jan. 15. What happened: Supervisors voted to grant about $900,000 in escrow reductions to builder Traditions of America despite a plea from the ...

Mortgage borrowers often have to make payments into an escrow account to cover periodic expenses like property taxes and insurance. Lenders are allowed to incorporate a two-month cushion to cover ...