When is my next escrow analysis?

Every loan is reviewed annually based on a state cycle around the largest tax disbursement or last tax installment.

An Escrow Analysis letter is sent to all clients detailing the results of this analysis.  Sometimes there is an overage, sometimes there is a shortage.  An overage means a refund may be due to the client or that the payment will be adjusted down accordingly.  A shortage means additional funds are needed from the client or that the payment will be adjusted up accordingly.  Shortages are most often a result of an increase in property taxes and/or increase in the cost of home-owners insurance.

For more information on Escrow Accounts please watch this short video.