Chapter 6

Escrow accounts

Monthly deposits, a cushion and the low point

An explorable chapter on mortgage escrow: the monthly escrow payment, RESPA's two-month cushion limit, and the initial deposit from an aggregate analysis.

1. 6.1
   The monthly escrow paymentA twelfth of the year's bills
2. 6.2
   The cushionNo more than two months
3. 6.3
   The initial depositEnough that the lowest month still holds the cushion

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