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Escrow Amount

Amount set up by a lender into which makes periodic payments, usually monthly, for taxes, hazard insurance assessments and mortgage insurance premiums funds are held in trust by the lender who pays the sums as they come due.

Not quite sure what the proper home improvement terms are? Let us help. We have put together a glossory for you to learn a little bit more about Home Improvement Glossary and Terms

For furthur reading please see our Learn the Basics Homepage.