Everything You Need To Know About Loans
|  Loan Dictionary  |    |  

  Impound Account Definition
Impound Account An impound account, also called an escrow account, is an account that is set up for you by your home loan lender and is used to pay expenses like hazard insurance, mortgage insurance and property taxes. The money that you put into this account goes to pay for these expenses. While it is possible to opt out of an impound account, it may result in additional charges.

    Next Steps: Read Money Saving Loan Advice and Find Lenders with the LOWEST Loan Rates.
Mortgage Loans Home Refinancing Home Equity Loans Vehicle Loans Auto Refinancing

Home Loans & Car Loans Search

Home Refinancing | Home Mortgages | Home Equity Loans & Line of Credit | Auto & Motorcycle Loans | Auto Refinance Loans
Home - Loans | About EchoBay Loans | Loan Advice | SitemapCredit Report Help CenterDefinition Dictionary

Copyright© 2008, EchoBay Loans Company
Mortgage Refinancing Home Loans Home Equity Loans Auto & Motorcycle Loans Auto Refinancing Credit Reports