Stephanie Finley/ Realtor

Mortgage Term of the Day:
An initial escrow deposit is the amount you pay at closing to set up your escrow account.

This account holds funds for:
📅 Property taxes
🛡️ Homeowner’s insurance
🏠 Sometimes mortgage insurance

Lenders require this upfront to ensure there’s enough money in the account when those bills come due.

💡 Think of it as a cushion to keep your mortgage-related payments running smoothly!

Before you pack up and move to a town in the Mountains, consider elevation adjustment, climate and traffic.

5 Things to Consider Before Moving to the Mountains Before you pack up and move to a town in the Rocky Mountains, consider elevation adjustment, climate and traffic.