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hi my name is Jeff Hess, I am the owner of blue stripe mortgage
and it's time for another segment up mortgage mailbag
any like some dramatic theatrical thing the whole thing and it's like when I
think
anyway my goal with mortgage mailbag is
answer some of the questions I get asked on a weekly basis for a daily basis
dealing with mortgages I think everybody would be interested to have the answer
to that question
and if you have a question or something regarding the mortgage will that you
always been interested in
go on my website list right mortgage dot com go to the contact page
engine shoot me now and say hey Jeff I'd love to gets more information on
whatever having do it mortgages and I'll be happy to get a response back to you
and may even turn it into a video so my question this last week
came to me regarding escrow accounts I get a lot of questions especially from
first-time homebuyers
even season buyers that are trying to remind themselves how the
*** girl portion I'm there mortgage mortgage experience
works so basically the way this works is
every month you make your monthly payment they caught piti
principal interest taxes and insurance
so you're for monthly mortgage payment includes one 12 I've your homeowners
insurance
yearly property taxes
so on your property taxes come do at your local town
or your homeowners insurance comes due terial homeowners insurance agent
the lender will mail most saw on your behalf
and take care those for you so by just making your typical mortgage payment
your PI
TI principal interest taxes insurance
you already taking Carol the lender with your mortgage payment
and you taking care home owners insurance agent and
your local town by taking care your property taxes I hope that kinda
explains
the myth the escrow account basically how that works
you have any other questions I'd love to have them my name is Jeff Hess
and I'm the owner a blue stripe mortgage