Establish an Escrow Account or Not? It Depends.

Just as not all individuals are the same, so too are the reasons why you should or should not choose to create an escrow account to pay for your property taxes and homeowners insurance. When deciding if establishing an escrow account as part of your monthly mortgage payment is right for you, there are some things that you can take into consideration such as, are you good saver? Or, does your monthly income fluctuate due to self-employment or the receipt of commissions?

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