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Escrow Account:
The account in which a mortgage servicer holds the borrower's escrow payments prior to paying property expenses. A borrower typically provides funds that will pay taxes, mortgage insurance, lease payments, hazard insurance premiums, and other payments when they are due.
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This glossary is an extensive listing of lending and mortgage terms that you can use when working with Landmark Funding to find the right loan or mortgage for you. - To get started, select the appropriate letter for a listing of all the glossary terms that begin with that letter. Then, locate the word you are looking for. If you are unable to find a specific term, contact us for a more complete explanation.

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