3.11- What is the Initial escrow statements?
The initial escrow disclosures includes the payment that is a part of the mortgage payment like taxes and insurance .Your monthly payment includes your loan payment plus interest and the escrow amount which includes taxes and insurance.
Related Topics: What is an Escrow Account What is the "escrow analysis statement" ? What are the Requirements for an escrow account associated with a “high priced loan”? What Information must be disclosed in an annual escrow statement?
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