Question by john: I refinanced my home, when will I get the escrow balance?
I refinanced my home. When will I received my escrow balance from my old mortgage company? Is that something that happens automatically or do I need to call and request it?
Answer by Mac
Once the new lender pays off your old mortgage then your escrow will be mailed to the new lender who is now responsible for paying your property tax and home owner insurance
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