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Mortgage Minute - What is an impound (escrow) account?

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Manage episode 429167156 series 1744046
Content provided by Dr. Tammy Crouse and Financial Residency Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Tammy Crouse and Financial Residency Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

Doug explains the goal and use of an impound/escrow account. Basically it builds a cushion for the bank to make payments on your behalf for taxes and insurance.

He also highlights why your loan estimate may differ from your closing disclosure regarding this account. To learn more about Doug, go to www.DougCrouse.com.

  continue reading

957 episodes

Artwork
iconShare
 
Manage episode 429167156 series 1744046
Content provided by Dr. Tammy Crouse and Financial Residency Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Tammy Crouse and Financial Residency Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

Doug explains the goal and use of an impound/escrow account. Basically it builds a cushion for the bank to make payments on your behalf for taxes and insurance.

He also highlights why your loan estimate may differ from your closing disclosure regarding this account. To learn more about Doug, go to www.DougCrouse.com.

  continue reading

957 episodes

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