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The term for the task of distributing the payment among principal, interest, and escrow accounts is:

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Answer:

Mortgage payment

Step-by-step explanation:

Mortgage payment is defined as the payment of the loan taken. Mortgage loan is made up of principal, interest and the escrow payments that is done monthly.

The escrow is the money that is set aside for a third party who can pay the property taxes as well as the insurance premiums of the homeowners on your behalf.

Thus the term that is used for distributing the payments among the principal, interest and the escrow account is called as the mortgage payment.

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