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An account with a financial institution used to pay taxes and insurance is called _____ An ARM A balloon loan An escrow account PMI
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An account with a financial institution used to pay taxes and insurance is called _____

An ARM
A balloon loan
An escrow account
PMI

User RRuiz
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2 Answers

4 votes

Answer:an Escrow Account

With a mortgage escrow account, you must pay a lender periodically to cover The Taxes and Insurance expense. Then that lender will pay pays those expenses on your behalf when the bills came due

Step-by-step explanation:

User Tony Friz
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3 votes

An account with a financial institution used to pay taxes and insurance is called An escrow account.

Answer is An escrow account

User Alican
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4.7k points
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