James Villanueva’s Post

View profile for James Villanueva, graphic
James Villanueva

Commission Sales Associate at Vetsix Realty, LLC

What is an escrow analysis? This happens every year around December, when the servicer of your loan will review your escrow account to assure you are paying the exact Principal, Interest, Taxes and Homeowners Insurance for your property. It is very possible for homeowners to be above or below their escrows required amount. If you are above the required amount in your escrow, you’ll most likely get a check for the overage in your account from your loan servicer. If you are below your escrow accounts required amount, then you’ll get a bill from the loan servicer to make up the difference to have the required amount i your escrow. Keep in mind, if your property taxes are raised, then your mortgage payment will most likely increase after the escrow analysis has been completed. There is a ton of additional information for this process. It’s always best to contact the servicer of your loan to get this information. #Texas #RealEstate #Realtor #Veterans #VALoan #HomeExemption #Buy #Sell #Invest #Lease #Navy #Marines #Army #AorForce #CoastGuard #SpaceForce #MilitaryBenefits

To view or add a comment, sign in

More Relevant Posts

James Villanueva

1 follower

View Profile

Explore topics