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Escrow
Reading Your Escrow Statement
Your SECU escrow account holds funds to pay mortgage-related expenses including hazard insurance and property taxes. For your convenience, we’ve put together a guide, How to Read Your Escrow Statement, to help you better understand your mortgage escrow statement. See our Frequently Asked Questions for more information.
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Interactive: Received an Escrow Statement Letter? What to do next.
Helpful Videos on Escrow
Escrow in Maryland: What First-Time Homebuyers Need to Know
Buying your first home in Maryland is a major milestone, but navigating unfamiliar terms like “escrow” can be daunting. Understanding escrow and its costs can simplify the homebuying process and help you make informed financial decisions. Here, we break down escrow basics, Maryland-specific regulations, and what new homebuyers need to know.