An escrow account allows you to make your property tax and homeowners insurance payments along with your mortgage payment each month. (sapling.com)
If your property taxes or homeowners insurance payments go up significantly, your lender might have to collect more dollars to pay these bills for you. (totalmortgage.com)
A common request is three months» worth of tax payments and 15 months of homeowners insurance payments. (veteransunited.com)