Jim Potts

Synergy One Lending

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Escrow And Your Mortgage: The Most Important Points To Know

November 22, 2022 by Jim Potts

There are a lot of complicated terms thrown around regarding your mortgage, and one of them is an escrow account. You will probably hear that your lender will collect some additional money every month for escrow payments. If you take a look at your mortgage statement, you will see your interest, your principal, and your escrow. What does this mean, and why do you have to pay additional money that isn't going toward the balance of your loan?

Filed Under: Loan Tips Reno Tagged With: Escrow, Mortgage, New Home

Is An Escrow Account Right For You?

September 17, 2021 by Jim Potts

When someone is looking at purchasing a home, they usually focus on the purchase price of the home and the potential monthly payment. At the same time, there are other costs that need to be included as well. This includes home insurance and real estate taxes. As a result, many homeowners find themselves asking if they should use an escrow account or not. What do homeowners need to think about and how can they make the right decision?

Filed Under: Mortgage Tagged With: Escrow, Mortgage, Savings

Jim Potts

Jim Potts


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NMLS# 227144
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