What Is An Escrow Balance?

A very good day to you. The sky is currently dressed in a very dark shade of gray, with the threat of tears. But, that's OK, because along with the sun, there has to be a little rain sometimes.

Let's take a quick look at what is an escrow balance. Your escrow balance is the current amount of money held in your escrow account to cover your future property tax and home insurance bills when they become due. All questions and or concerns regarding your escrow account should be addressed with your mortgage company.

As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please give us a call 713.204.8013 or Email us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana