Often as part of a mortgage payment, banks will allow borrowers to "escrow" funds to pay for

Name: Often as part of a mortgage payment, banks will allow borrowers to "escrow" funds to pay for
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Escrow accounts in the context of mortgage payments are typically used to collect and hold funds for paying property taxes and homeowners' insurance. This ensures that these expenses are paid on time and helps protect the lender's interest in the property.

Often as Part of a Mortgage Payment, Banks Will Allow