Santa Cruz Properties – What is Escrow?

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What is Escrow?

Many first time homebuyers and landowners don’t know what escrow is and may not be inclined to ask. In addition to your monthly payment of principal and interest, you will be making an escrow payment for property taxes and Homeowner’s Association fees, if applicable. At the end of the year, Santa Cruz Properties will use the money in your Escrow Account to pay for your property taxes.

No Question is a Dumb Question

Santa Cruz Properties understands that it may be your first time dealing with purchasing land and building a home, so we encourage questions! Don’t hesitate to voice anything you’re unsure about concerning your purchase. Contact our real estate specialists in Edinburg today and they’ll answer as many questions as possible for you!