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Mortgage Escrow Explained — Do You Need It?

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Win The House You Love

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0:00 What Is Your Mortgage Payment?
1:13 What Is Escrow?
2:31 What Your Lender Does
3:26 Setting Up The Account
8:48 Pros
9:38 Cons
13:18 What It's Required
14:55 Who Should Waive It?
15:24 Get PreQualified

— DISCLAIMER —
Kyle Andrew Seagraves is Federal Mortgage Loan Originator (NMLS 1701021) licensed in all 50 states with the Dan Frio Team at Servbank, sb (NMLS 203463), an Equal Housing Lender. Separately, Kyle owns Win The House You Love LLC, an education company. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. Allied First Bank is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency.

Servbank, sb
3201 Orchard Rd.
Oswego, IL 60543
servbank.com
8447755626
NMLS 203463
Member FDIC
Equal Housing Lender

posted by Invingjammalx