Direct: (818) 435-6560 | tgrey@equitysmartloans.com

Todd Grey

Equity Smart Home Loans

  • Home
  • Blog
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Home Inspection
    • Home Appraisal
    • Loan Checklist
    • Loan Programs
    • Mortgage Glossary
    • Mortgage FAQ
    • What to Expect at a Loan Closing: A Step-by-Step Guide
  • Apply
    • Short Application
  • Reviews
    • Read My Reviews
    • Leave a Review
  • Calculator
  • Contact
  • Home
  • Blog
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Home Inspection
    • Home Appraisal
    • Loan Checklist
    • Loan Programs
    • Mortgage Glossary
    • Mortgage FAQ
    • What to Expect at a Loan Closing: A Step-by-Step Guide
  • Apply
    • Short Application
  • Reviews
    • Read My Reviews
    • Leave a Review
  • Calculator
  • Contact
Call Us

Escrow Account

15
May
By Todd Grey
Mortgage TipsEscrow Account, Homeownership, Mortgage Tips

Why Your Mortgage Has an Escrow Account and How It Works for You

When you close on a home loan, you’ll likely hear the term “escrow account” mentioned—and if you’re like most buyers, you may not be entirely sure what it means. While it might sound complicated, an escrow account is a helpful tool that simplifies homeownership and protects your investment. What is an Escrow Account?An escrow account is a separate account set up by your mortgage servicer to hold funds for specific home-related expenses, most commonly property taxes and homeowners’ insurance. Rather than paying those large bills all at once, you make monthly contributions as part of your mortgage payment. When the…
Read More
25
Feb
By Todd Grey
Home Mortgage TipsEscrow Account, Home Buying101, Mortgage Tips

Understanding Mortgage Escrow Accounts and Why They Are Important

A mortgage escrow account is a financial tool used by lenders to manage and disburse payments for property-related expenses, like property taxes and homeowners insurance. Rather than paying these expenses separately, a portion of your monthly mortgage payment is set aside in the escrow account. When taxes or insurance premiums are due, the lender pays them on your behalf. How Does It Work? Initial Deposit: When you close on your home, your lender typically requires an initial deposit to fund your escrow account. This ensures there are sufficient funds for upcoming tax and insurance payments. Monthly Contributions: Each month, a…
Read More
13
Jun
By Todd Grey
Mortgage ApplicationEscrow Account, Loan Servicer, Mortgage Loan

What Is a Mortgage Loan Servicer?

Working through the mortgage process can be complex, and one significant yet often misunderstood aspect is the role of a mortgage loan servicer. You might be familiar with lenders, the entities that provide the funds for your home purchase, the servicer is the company you’ll interact with most frequently over the life of your loan. Understanding what a mortgage loan servicer does can help you manage your mortgage more effectively and know who to turn to with any questions or issues. The Basics of Mortgage Loan Servicing A mortgage loan servicer is a company responsible for managing your loan from…
Read More
09
Aug
By Todd Grey
MortgageEscrow Account, Escrow Account Audit, Mortgage

Why Is My Mortgage Escrow Account Sending Me a Check?

If you're a homeowner with a mortgage, you may be familiar with the concept of an escrow account. This financial tool is designed to simplify the management of property-related expenses by combining certain costs, such as property taxes and insurance, into one account. Typically, your mortgage servicer collects a portion of these expenses with each monthly mortgage payment and holds the funds in an escrow account to cover these bills when they become due. Various factors can lead to fluctuations in these estimated expenses. If the actual costs turn out to be lower than anticipated, your escrow account may end…
Read More

Follow Me on Social Media!

How can I help?

  • This field is for validation purposes and should be left unchanged.

Categories

Archives

Recent Posts

  • What Every Homebuyer Should Know About How Are Property Taxes Calculated
  • Sweet Loans for Every Taste: Which Mortgage Treat Is Right for You?
  • Is Owner Financing Your Home the Smartest Move?
  • What’s Ahead For Mortgage Rates This Week – May 27th, 2025

nmlsconsumeraccess.org
Equity Smart Home Loans NMLS ID: 856170
CA Bur of Real Estate – Real Estate Broker – DRE#01906808

Equal Housing Lender

Looking For Something?

© 2023 Todd Grey, All Rights Reserved.