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A person in a blue suit holds a notebook with the word ESCROW written in red marker, underlined in blue. The background is an office setting with shelves and hangers.

How Does Escrow Work?

When you set up your mortgage payment, you will likely see different items included. Typically, a monthly mortgage payment is made up of principal, interest, taxes, and insurance. All these items combine to create one payment that goes directly to…

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