Popular Mortgage Terms

Escrow Account Defined

Escrow Account Defined: a with separate account into which the lender puts a portion of each monthly mortgage payment; an escrow account provides the funds needed for such expenses as property taxes, homeowner's insurance, mortgage insurance, etc.

Return to "E" Term Index
Mortgage Terms Home

The definitions of the mortgage terms have been taken from various reliable government
publications and we have done our best to verify their accuracy. If you feel any of the definitions
are incorrect or needs to be updated please contact us and we will look into it.

Copyright 2004 Mortgage Terms - All rights reserved.  Links  Site Map