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
4001 Silvery Minnow Place Nw, Albuquerque

$875,000

4001 Silvery Minnow Place Nw, Albuquerque

3 Beds 3 Baths 2,839 SqFt Residential MLS® # 1077810

Keller Williams Realty

New
11501 Desert Classic Lane Ne, Albuquerque

$850,000

11501 Desert Classic Lane Ne, Albuquerque

4 Beds 3 Baths 3,303 SqFt Residential MLS® # 1077705

Keller Williams Realty

New
3920 Camino De La Sierra Ne, Albuquerque

$759,000

3920 Camino De La Sierra Ne, Albuquerque

4 Beds 3 Baths 3,317 SqFt Residential MLS® # 1077992

Realty One of New Mexico

New
1825 Morningside Drive Ne, Albuquerque

$639,000

1825 Morningside Drive Ne, Albuquerque

4 Beds 3 Baths 2,550 SqFt Residential MLS® # 1077935

45 Realty

New
4604 Mijas Drive Nw, Albuquerque

$635,000

4604 Mijas Drive Nw, Albuquerque

3 Beds 3 Baths 2,342 SqFt Residential MLS® # 1077970

RE/MAX SELECT

New
7744 Cedar Canyon Road Ne, Albuquerque

$595,000

7744 Cedar Canyon Road Ne, Albuquerque

3 Beds 3 Baths 2,150 SqFt Residential MLS® # 1078012

Liberty Real Estate

New
8501 Silk Tassel Road Nw, Albuquerque

$549,000

8501 Silk Tassel Road Nw, Albuquerque

4 Beds 3 Baths 2,708 SqFt Residential MLS® # 1077983

Keller Williams Realty

New
12325 Key West Drive Ne, Albuquerque

$525,000

12325 Key West Drive Ne, Albuquerque

4 Beds 3 Baths 1,959 SqFt Residential MLS® # 1077845

Coldwell Banker Legacy

New
9115 Wimbledon Drive Ne, Albuquerque

$500,000

9115 Wimbledon Drive Ne, Albuquerque

2 Beds 2 Baths 2,104 SqFt Residential MLS® # 1078011

RE/MAX SELECT

New
4804 Wellsburg Avenue Nw, Albuquerque

$475,000

4804 Wellsburg Avenue Nw, Albuquerque

3 Beds 3 Baths 2,480 SqFt Residential MLS® # 1077994

High Vista Realty

New
2700 Vista Grande Drive Nw 106, Albuquerque

$468,000

2700 Vista Grande Drive Nw 106, Albuquerque

3 Beds 4 Baths 2,755 SqFt Residential MLS® # 1077966

RE/MAX SELECT

New
2016 Louise Avenue Sw, Albuquerque

$459,000

2016 Louise Avenue Sw, Albuquerque

3 Beds 3 Baths 2,491 SqFt Residential MLS® # 1077919

Homewise

New
6904 Leander Avenue Ne, Albuquerque

$450,000

6904 Leander Avenue Ne, Albuquerque

3 Beds 3 Baths 2,158 SqFt Residential MLS® # 1077961

Coldwell Banker Legacy

New
4436 Cuarzo Avenue Nw, Albuquerque

$410,000

4436 Cuarzo Avenue Nw, Albuquerque

4 Beds 4 Baths 2,126 SqFt Residential MLS® # 1077974

Red Rock Realty & Invest of NM

New
2332 Academic Place Se, Albuquerque

$375,000

2332 Academic Place Se, Albuquerque

3 Beds 3 Baths 1,925 SqFt Residential MLS® # 1077984

Coldwell Banker Legacy

New
1028 Guadalupe Del Prado Street Nw, Albuquerque

$370,000

1028 Guadalupe Del Prado Street Nw, Albuquerque

3 Beds 3 Baths 2,400 SqFt Residential MLS® # 1078017

K2 Omni Group

New
6518 Mossman Place Ne, Albuquerque

$360,000

6518 Mossman Place Ne, Albuquerque

3 Beds 3 Baths 1,818 SqFt Residential MLS® # 1077599

Keller Williams Realty

New
8305 Calle Avion Ne, Albuquerque

$350,000

8305 Calle Avion Ne, Albuquerque

2 Beds 2 Baths 1,423 SqFt Residential MLS® # 1077944

Vista Encantada Realtors, LLC

New
515 Via Paz Sw, Albuquerque

$350,000

515 Via Paz Sw, Albuquerque

3 Beds 2 Baths 1,532 SqFt Residential MLS® # 1077950

Coldwell Banker Legacy

New
4508 Douglas Macarthur Road Ne, Albuquerque

$344,900

4508 Douglas Macarthur Road Ne, Albuquerque

3 Beds 2 Baths 1,803 SqFt Residential MLS® # 1077934

Keller Williams Realty

New
11900 Palo Duro Avenue Ne, Albuquerque

$330,000

11900 Palo Duro Avenue Ne, Albuquerque

3 Beds 2 Baths 1,410 SqFt Residential MLS® # 1077954

Simply Real Estate

New
4500 Douglas Macarthur Road Ne, Albuquerque

$330,000

4500 Douglas Macarthur Road Ne, Albuquerque

3 Beds 2 Baths 1,794 SqFt Residential MLS® # 1077956

Keller Williams Realty

New
10016 Ashland Street Nw, Albuquerque

$330,000

10016 Ashland Street Nw, Albuquerque

3 Beds 2 Baths 1,680 SqFt Residential MLS® # 1077967

Berkshire Hathaway NM Prop

New
10624 Arabella Drive Nw, Albuquerque

$324,999

10624 Arabella Drive Nw, Albuquerque

3 Beds 2 Baths 1,390 SqFt Residential MLS® # 1077988

Coldwell Banker Legacy

New
820 La Luz Drive Nw, Albuquerque

$323,000

820 La Luz Drive Nw, Albuquerque

2 Beds 1 Bath 973 SqFt Residential MLS® # 1077957

Unica Real Estate LLC

New
10505 Towner Avenue Ne, Albuquerque

$315,000

10505 Towner Avenue Ne, Albuquerque

3 Beds 2 Baths 1,991 SqFt Residential MLS® # 1077973

Keller Williams Realty

New
8116 Aspen Avenue Ne, Albuquerque

$308,125

8116 Aspen Avenue Ne, Albuquerque

3 Beds 2 Baths 1,500 SqFt Residential MLS® # 1074615

Simply Real Estate

New
12408 Grand Avenue Ne, Albuquerque

$299,900

12408 Grand Avenue Ne, Albuquerque

3 Beds 2 Baths 1,367 SqFt Residential MLS® # 1077968

Karsten & Associates

New
1125 Palisades Drive Nw, Albuquerque

$269,751

1125 Palisades Drive Nw, Albuquerque

5 Beds 4 Baths 3,016 SqFt Residential MLS® # 1077971

Berkshire Hathaway NM Prop

New
1405 Espejo Street Ne, Albuquerque

$250,000

1405 Espejo Street Ne, Albuquerque

3 Beds 1 Bath 1,241 SqFt Residential MLS® # 1077431

Keller Williams Realty

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