An escrow account is used to collect _____ from one's monthly mortgage payment.
A) interest
B) principal
C) property taxes
D) closing costs
E) operating expenses

Question

Quizplus · Accepted Answer

An escrow account is used to collect property taxes from one's monthly mortgage payment. This ensures that the homeowner's property taxes are paid on time and in full. The lender will then use the money in the escrow account to pay the property taxes when they come due.

An Escrow Account Is Used to Collect _____ from One's