Mortgage lenders and/or mortgage loan servicers often require homeowners to maintain escrow accounts as part of their mortgage agreements in order to ensure funds are available for the payment of property tax, insurance, and other assessments on the mortgaged property. These deposited funds remain in escrow until their respective payments become due and payable.
Many states require interest to be paid to you on these escrowed funds. If your mortgage lender or your servicer is Bank of America, please contact us by completing the form below and a member of our team will be in contact with you.
