Educational answer
Payments, Costs and Comparing Offers
What is an escrow account?
Sources researched September 13, 2026
Educational answer
An escrow account holds money collected with your payment for expenses such as property taxes and homeowners insurance. The servicer uses it to pay those bills. An escrow requirement does not remove those costs; it changes how you pay them. Ask which bills are included and which remain your responsibility to pay directly.
Attribution: Site-prepared educational answer
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