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When we open an escrow account for your mortgage, we use it to make payments for real estate taxes and homeowners insurance on your behalf, with funds collected as part of your monthly mortgage payment. This ensures that your bills are paid in full and on time, without you having to budget for these large payments separately.

Highlights:

  • Collect funds in account to pay real estate taxes
  • We receive real estate tax information directly from tax authority, otherwise we will contact you

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© 2014 Vanguard Credit Union