You want to refinance and think you have it all figured out. You know you need up to 5% of the loan amount for closing costs and you have that money set aside. But, did you also know that you need money for the escrow account? Get Matched with a Lender, Click Here. This account is set up to help you pay your taxes and insurance. Not all borrowers are required to set this account up; it depends on your loan type. For example, VA loans do not require you to set up an account for taxes and … [Read more...]