escrow

Refinance guide escrow waiver on refinance should you keep it
Basics

Refinance guide escrow waiver on refinance should you keep it

Escrow waiver on a refinance — should you keep it? When you refinance your mortgage, one decision you’ll likely face is whether to keep the lender-managed escrow account for property taxes and homeowners insurance, or to “waive” it and pay those bills yourself. This article explains what an escrow waiver is, when it makes sense, […]

Refinance guide escrow accounts and reserves when you refinance
Basics

Refinance guide escrow accounts and reserves when you refinance

Escrow Accounts and Reserves When You Refinance: What Homeowners Need to Know Refinancing a mortgage can lower your rate, change the loan term, or let you tap home equity. Two financial items lenders focus on during refinancing are escrow accounts (also called impound accounts) and cash reserves. They play different roles but both affect approval, […]