When I worked in an insurance office one of the number one most annoying tasks for both me an my insurance customers were the change of Mortgage Information for homeowners. This was especially confusing when the insurance customer is paying into an Escrow Account in order to cover the insurance premiums. An escrow account is something offered by mortgage and finance companies to collect Mortgage insurance, Homeowners insurance premiums and in some cases even property taxes. Escrow accounts can be a great way to avoid a large bill hitting once a year by collecting equal monthly payments through the year. … Continue reading →