Standard Mortgage Blog

During an annual escrow review your insurance, tax projections, and if necessary, mortgage insurance will be reviewed for the upcoming year.  Your mortgage servicer will add the annual payments for all of your escrow expenses (typically all insurance premiums and property taxes) and divide the total by 12 to calculate your monthly escrow payment.  Your new monthly payment will be compared to your..

One financial obligation that comes along with homeownership is the responsibility to pay property taxes. Fortunately, your mortgage servicing company can make this easier. Did you know that if you choose to escrow, part of your monthly mortgage payment may include your projected property tax for the year? If you choose to escrow, your mortgage company collects a portion of your projected tax and..

The mortgage qualification may be confusing to borrowers. Collecting documents, verifying financial information, and more may seem overwhelming. The type of mortgage that you choose, will dictate the specific requirements and documentation required. This is why working with a skilled, experienced, knowledgeable loan officer is so important. Depending on your financial situation, job status, and..