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Mortgages

What is an initial escrow deposit?

An initial escrow deposit is the amount that you will pay at settlement to start your escrow account, if required by your lender. This initial amount may be different from what you will pay monthly to maintain the escrow account. This initial amount will be listed in Block 9 of your Good Faith Estimate (GFE) (and Line 1001 of your settlement statement) and may change between your GFE and closing.

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