What Is an Escrow Account, and How Does It Work?

Next up in our Homebuyer Series: “What Is an Escrow Account, and How Does It Work?” Escrow accounts can feel like a mystery—until now! In this quick video, Derek and Tim Griffin with Prosperity Home Mortgage explain how escrow works, why it’s often required, and how it actually makes homeownership a whole lot easier. Spoiler: it helps you avoid those big surprise tax and insurance bills. More tips coming soon—stay tuned!