Oct 8 • Wealth Snapshot and Budget
✈️ Did you know your escrow account could be holding your money hostage?
We just helped a client get a $2,900 refund — all because their mortgage company accidentally paid two different homeowners insurance policies at the same time. 🤦♂️
Most homeowners never review their escrow accounts… but here’s why you should 👇
💡 What’s an escrow account?
It’s the part of your mortgage payment that covers property taxes and insurance. Your lender collects it monthly — and sometimes they overestimate or make mistakes (like paying duplicate insurance).
✅ When to review:
- After your annual escrow analysis
- When your insurance premium drops
- When property taxes decrease
- After refinancing
- If your insurance company changes
If your lender over-collected or double-paid, you could be owed a refund check.
💰 One short review = $2,900 back in this client’s pocket.That’s a family vacation, an emergency fund boost, or the start of your next home upgrade.
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✈️ Did you know your escrow account could be holding your money hostage?
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