Mortgage Glossary
Escrow Waiver
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
An escrow waiver lets a qualified borrower pay property taxes and insurance directly instead of through a lender-managed escrow account.
What Escrow Waiver means
Lenders may allow it at lower LTVs, sometimes for a small fee or slightly higher rate. The borrower then takes responsibility for paying those bills on time.
Florida example
A Florida borrower with 25% equity requests an escrow waiver to manage their own tax and insurance payments, accepting the discipline required to set aside those large annual bills themselves.
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