 708-597-8884 - S.W. |
Definitive information about Home Buying, Mortgages, Credit and Financial Recovery. Get information & straight answers to all of your mortgage questions, no fluff, no hype, no pressure. |
 |
|
[Apply Online] [Rate Quote] [Get Pre-Qualified] [Calculators] [Loan Process] [Español] [ Affiliates/Discounts] [Email Us] [ home] |
||
Our Mission  Our History Our Team Our Partners Our Customers Our Privacy Policy Our Ethics Code
|
| TV - Save Even More! TV - Like A 21% Raise? Radio - Solid Advice, No Foolin' Radio - 3 myths |
|
Our guiding principle: Envision Mortgage Solutions thrives only on honesty, on honor, on the sacredness of obligations, on faithful dedication to our clients and colleagues, and on unselfish performance. Without them, it cannot live. |
| [read more about us] |
 |
|
Envision Mortgage Solutions is an Illinois Residential Mortgage Licensee and a local Chicagoland company to provide personal service: Crestwood Office
4731 Midlothian Tpke #32
[contact us] [directions]Crestwood, IL 60445 [708] 597-8884
Licensed with the Illinois Department of Financial & Professional Regulation # MB.6759105 and is a member in good standing with the Illinois Association of Mortgage Professionals www.iamp.biz, the National Assoc. of Mortgage Brokers, and the Illinois Secretary of State. |
Mortgage escrow accounts are special accounts set up in which money is held to pay for property taxes, fire and hazard insurance premiums, mortgage insurance premiums, and other escrow items. Escrow accounts ensure that these items are paid in a timely fashion. They are a guarantee that there is always enough money to pay these bills when they are due so that the homeowner avoids the risk of lapsed insurance coverage or delinquent taxes.
Guarantee that bills are paid on time. Homeowners do not have to worry about coming up with several large, lump sum payments, each with different due dates, throughout the year.
Unexpected increases are taken care of. It is the responsibility of the mortgage company to allow for possible increases in tax or insurance premiums.
Mortgage companies typically cover shortages when tax or insurance payments increase. It is very common for mortgage companies to pay taxes and insurance premiums when they are due even though all the money for these bills has not yet been collected from the homeowner.
Mortgages have lower rates and downpayments because of escrows. Escrows protect the interest of investors of home mortgage loans by making them more attractive and secure as investments.
Local governments save money. Escrow accounts also benefit local governments by providing a more efficient, less expensive means of tax collection.
|
|
|
