Have you ever opened your escrow statement and wondered why your monthly mortgage payment suddenly went up or even down? You’re not alone! Many homeowners are surprised by these changes, but the explanation is simpler than you think. 🔎 What Is an Escrow Account? An escrow account is set up by your lender to cover property taxes and homeowner’s insurance  on your behalf. Each month, part of your mortgage payment goes into this account, and when tax

When buying a home, there are a lot of new terms and processes to understand — and one of the most important is the escrow account . An escrow account  is a special savings account managed by your mortgage lender. Each month, a portion of your mortgage payment is set aside into this account to cover important bills like: 🏠 Property Taxes 🔒 Homeowners Insurance This way, when those big annual or semi-annual bills come due, your lender pays t

Another closing, another happy homeowner all thanks to the unbeatable teamwork between LJ Realty Team  and LJ Mortgage Team Inc.  When...

If you're self-employed and find traditional mortgage requirements hard to meet, you're not alone and more importantly, you're not out...