Annual Escrow Analysis Statement
Befuddled by your annual escrow analysis statement? You're not alone. Click here to unravel the mystery of how your servicer determines your payment and why it may have increased.
Impound Accounts
Most mortgage loans come with an impound account for paying property taxes and homeowner's insurance. Impound accounts are pre-funded at closing. Then homeowners contribute 1/12 of annual amounts each month. Learn what to expect here.
Property Taxes
In Washington State, property taxes account for about 30% of all state and local taxes. The amount paid by each homeowner is determined, in part, by the value of the property.