Escrow is an important component of homeownership, but for many homeowners, especially first-time homebuyers, understanding escrow accounts and the annual escrow analysis can be confusing. According ...

Q: Our local paper published your letter from the folks who had to send a certified check for their final mortgage payment after 30 years of monthly payments. We experienced an unexpected final ...

Your mortgage statement is a document that includes key details about your loan. You’ll receive a statement from your lender or servicer for each billing cycle, and it’s a good idea to review every ...

Buying a new home is exciting, but since it’s also the biggest purchase you’ll likely make, it can come with stress and uncertainty. No one wants to make a bad deal when there’s so much money on the ...

An escrow shortage occurs when there is insufficient money in your escrow account to pay bills, which is funded by your monthly mortgage payment and determined by a yearly escrow analysis. When you ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...