asked 177k views
3 votes
An account with a financial institution that is used to pay taxes and insurance is called _____. an ARM a balloon loan an escrow account PMI

2 Answers

7 votes
The answer would be an escrow account
answered
User Discodowney
by
7.3k points
5 votes
The answer for that question would be : an Escrow Account
With a mortgage escrow account, you must pay a lender periodically to cover The Taxes and Insurance expense. Then that lender will pay pays those expenses on your behalf when the bills came due
answered
User Roman Akinfold
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.