Mortgage Free Escrow will setup an escrow account for you. We will run an Escrow Analysis to determine the amount of your monthly payment needed to make sure there is enough funds to cover your payments for property taxes and homeowners’ insurance.
Instead of you being responsible to pay property taxes and insurance, we will draft a payment of 1/12 the amount needed (plus a 2 month reserve) to accumulate in your escrow account.
We pay the taxing authority or insurance company when those payments become due.
We eliminate financial strain of trying to pay these bills all at once, and we eliminate the worry of property taxes and homeowners insurance being paid on time to avoid expensive penalties or lapses in coverage.