What is an Escrow Payment?

An Escrow Payment is the portion of your monthly mortgage payment that goes to your escrow account.  Your escrow account that your lender uses to pay your monthly homeowner’s hazard/fire insurance and your home property taxes. escrow If you do not have an escrow account set up with your mortgage you will be responsible for making those payments directly to your insurance company and the county. Click here to request a consultation with a loan specialist.