Escrow might sound like a fancy term, but it's not rocket science. Let’s break it down into simple terms. In simple terms, an escrow analysis is a review of your escrow account conducted by your mortgage lender. Think of it as a regular check-up for your escrow account. You might be wondering, what is an escrow account? An escrow account holds funds collected with your monthly mortgage payment to cover expenses like property taxes, homeowners insurance, and sometimes even mortgage … [Read more...]