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escrow analysis

noun

Definitions of escrow analysis

  • situation where a mortgage lender performs an yearly review of funds collected each month from the borrower to make sure they are collecting the correct amount of money for the anticipated expenditures, eg insurance, taxes, monthly payments, etc.

    "The homeowner received an escrow analysis indicating that next year's monthly mortgage payments would increase by $35."

Phrase Bank for escrow analysis

Additional Notes for escrow analysis

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