Smiling couple seated at a table review escrow account details with their real estate broker.

What is escrow?

Escrow is an account your home loan lender may require you to fund and use for paying mortgage-related costs, like insurance and taxes. Let’s look at what escrow is and how it works, whether you’re required to use an escrow account, and why your lender might require escrow for the home loan. What is escrow […]