Escrow insurance: What is it and when you need it

Once you secure a mortgage for your home purchase, mortgage companies typically require you to set up an escrow account before or at closing. While escrow insurance is a commonly used term, it is actually not an insurance policy. It is a legal holding account that temporarily retains and…#hoa #cfpb #fha #usda #vamortgagecenter #pmi #mip #pros #ltv
Source: Reuters: Health - Category: Consumer Health News Source Type: news