Financing in Collierville : Advice

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Steven Ford,…, Real Estate Pro in Collierville, TN
Steven Ford, Broker, ABR, SRS, e-Pro answered:
How does escrow calculate how much should be in escrow account? My insurance cost is 2300 due Sept 15; my property tax is 6000 due Feb 28; bal=10000
Your lender is not supposed to keep too much in the account....once there is an overage past the legal limit you will be issued an escrow refund. Just like if there is not enough after ... more
0 votes Share Flag Tue Aug 9, 2011 Financing in 38017
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