Get rid of the Escrow Account

An escrow account is an account that is used to collect annual expenses like property taxes and homeowners insurance on a monthly basis. Banks often mandate that borrowers have an escrow account at closing so that they know that the borrower has the funds to pay their property taxes when they are due. However, after a period of time of perfect payment history many banks will allow the borrower to stop escrowing. At that moment the monthly payment goes down and although the borrower is still responsible for making the tax and insurance payments at the end of the year.

If the borrower is comfortable budgeting for taxes and insurance, they can elect to not have an escrow account upon closing thus immediately making their monthly payments lower.

You can also maximize each dollar throughout the year by storing your money in a high yield savings account.

Contact me at by text (505) 350-8184 for more information on our Trusted Lender.

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Newest Listings Albuquerque

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New
8324 Salinger Lane Nw, Albuquerque

$650,000

8324 Salinger Lane Nw, Albuquerque

4 Beds 3 Baths 3,496 SqFt Residential MLS® # 1073809

Pulte Homes of New Mexico

New
1202 Marigold Drive Ne, Albuquerque

$649,000

1202 Marigold Drive Ne, Albuquerque

3 Beds 3 Baths 2,752 SqFt Residential MLS® # 1073857

Realty One of New Mexico

New
8404 Vintage Drive Ne, Albuquerque

$625,000

8404 Vintage Drive Ne, Albuquerque

3 Beds 2 Baths 2,593 SqFt Residential MLS® # 1073892

Campbell & Campbell Real Estat

New
6612 Glen Oak, Albuquerque

$590,000

6612 Glen Oak, Albuquerque

3 Beds 2 Baths 2,293 SqFt Residential MLS® # 1073909

Coldwell Banker Legacy

New
11631 Gallant Fox Road Se, Albuquerque

$545,000

11631 Gallant Fox Road Se, Albuquerque

4 Beds 4 Baths 3,116 SqFt Residential MLS® # 1073842

Equity New Mexico

New
11809 Badger Mountain Trail Nw, Albuquerque

$499,000

11809 Badger Mountain Trail Nw, Albuquerque

3 Beds 3 Baths 2,481 SqFt Residential MLS® # 1073810

CENTURY 21 Camco Realty

New
9513 Avenida Del Oso, Albuquerque

$490,000

9513 Avenida Del Oso, Albuquerque

3 Beds 2 Baths 1,905 SqFt Residential MLS® # 1073907

ERA Summit

New
1614 Anderson Place Se, Albuquerque

$449,000

1614 Anderson Place Se, Albuquerque

3 Beds 2 Baths 1,420 SqFt Residential MLS® # 1073843

CoyoteABQ

New
2817 San Pablo Street Ne, Albuquerque

$425,000

2817 San Pablo Street Ne, Albuquerque

4 Beds 3 Baths 2,556 SqFt Residential MLS® # 1073776

Ida Kelly Realtors

New
2115 Corte De Chamisa Nw, Albuquerque

$400,000

2115 Corte De Chamisa Nw, Albuquerque

3 Beds 2 Baths 1,877 SqFt Residential MLS® # 1073849

EXP Realty LLC

New
2503 Tramway Terrace Court Ne, Albuquerque

$399,500

2503 Tramway Terrace Court Ne, Albuquerque

2 Beds 2 Baths 1,240 SqFt Residential MLS® # 1073864

HomeSmart Realty Pros

New
6801 Baker Avenue Ne, Albuquerque

$389,000

6801 Baker Avenue Ne, Albuquerque

3 Beds 2 Baths 1,670 SqFt Residential MLS® # 1073860

Berkshire Hathaway NM Prop

New
1120 Buena Vista Drive Se, Albuquerque

$368,000

1120 Buena Vista Drive Se, Albuquerque

4 Beds 3 Baths 1,741 SqFt Residential MLS® # 1073747

AGM Real Estate Company

New
10013 Caddie Street Nw, Albuquerque

$343,000

10013 Caddie Street Nw, Albuquerque

3 Beds 2 Baths 1,403 SqFt Residential MLS® # 1073802

Coldwell Banker Legacy

New
8401 Casa Amarilla Road Nw, Albuquerque

$340,000

8401 Casa Amarilla Road Nw, Albuquerque

3 Beds 3 Baths 1,629 SqFt Residential MLS® # 1073899

CENTURY 21 Camco Realty

New
5512 Furman Avenue Nw, Albuquerque

$335,000

5512 Furman Avenue Nw, Albuquerque

3 Beds 2 Baths 1,888 SqFt Residential MLS® # 1073819

Keller Williams Realty

New
7709 San Francisco Road Ne, Albuquerque

$320,000

7709 San Francisco Road Ne, Albuquerque

3 Beds 2 Baths 1,805 SqFt Residential MLS® # 1073904

Coldwell Banker Legacy

New
10909 Topacio Street Nw, Albuquerque

$320,000

10909 Topacio Street Nw, Albuquerque

3 Beds 2 Baths 1,552 SqFt Residential MLS® # 1073908

Couture Brokerage

New
12208 Cordova Avenue Ne, Albuquerque

$315,000

12208 Cordova Avenue Ne, Albuquerque

3 Beds 2 Baths 1,596 SqFt Residential MLS® # 1073238

EXP Realty LLC

New
10720 Shooting Star Street Nw, Albuquerque

$310,000

10720 Shooting Star Street Nw, Albuquerque

3 Beds 2 Baths 1,511 SqFt Residential MLS® # 1073436

Kellogg Agency Sales

New
8509 Vista Estrella Lane Sw, Albuquerque

$294,900

8509 Vista Estrella Lane Sw, Albuquerque

3 Beds 3 Baths 1,784 SqFt Residential MLS® # 1073831

Keller Williams Realty

New
3129 Cypress Drive Sw, Albuquerque

$289,000

3129 Cypress Drive Sw, Albuquerque

3 Beds 2 Baths 1,545 SqFt Residential MLS® # 1073895

Re/Max Exclusive

New
1933 Truman Street Ne, Albuquerque

$285,000

1933 Truman Street Ne, Albuquerque

3 Beds 1 Bath 1,123 SqFt Residential MLS® # 1072952

Weichert, Realtors Image

New
10801 Griffith Park Drive Ne, Albuquerque

$276,000

10801 Griffith Park Drive Ne, Albuquerque

2 Beds 2 Baths 1,273 SqFt Residential MLS® # 1073637

Coldwell Banker Legacy

New
5147 Glenwood Pointe Lane Ne, Albuquerque

$265,000

5147 Glenwood Pointe Lane Ne, Albuquerque

2 Beds 1 Bath 1,041 SqFt Residential MLS® # 1073814

Coldwell Banker Legacy

New
9919 Bridle Falls Avenue Sw, Albuquerque

$255,000

9919 Bridle Falls Avenue Sw, Albuquerque

2 Beds 2 Baths 1,078 SqFt Residential MLS® # 1073793

N & D Realty & Property Mgmt

New
717 Florida Street Se, Albuquerque

$249,900

717 Florida Street Se, Albuquerque

3 Beds 1 Bath 1,243 SqFt Residential MLS® # 1073766

Realty One of New Mexico

New
320 Kaylyn Drive Se, Albuquerque

$249,900

320 Kaylyn Drive Se, Albuquerque

2 Beds 2 Baths 1,028 SqFt Residential MLS® # 1073873

Congress Realty, Inc

New
945 Madeira Drive Se, Albuquerque

$249,900

945 Madeira Drive Se, Albuquerque

2 Beds 1 Bath 906 SqFt Residential MLS® # 1073891

Keller Williams Realty

New
10812 Beaker Road Sw, Albuquerque

$249,900

10812 Beaker Road Sw, Albuquerque

2 Beds 2 Baths 1,110 SqFt Residential MLS® # 1073897

Altima Real Estate LLC

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