What Is Mortgage Escrow? (And Why It Matters)

📌 What is a mortgage escrow account and how does it work? If your mortgage payment suddenly went up, the culprit might be your escrow account — not your interest rate. In this video, I break down exactly what mortgage escrow is, how it affects your monthly payments, and what most homeowners don’t realize about how banks use your money.

I’ll cover:
✔️ What escrow accounts pay for (taxes & insurance)
✔️ Why your escrow payment keeps changing
✔️ How banks profit from holding your money (the float)
✔️ When it makes sense to waive escrow — and when it doesn’t
✔️ How to spot escrow shortages and avoid surprise bills

Whether you're a first-time homebuyer or a seasoned homeowner, understanding your escrow account is critical to managing your housing costs.

🔎 KEY TOPICS COVERED:
• Mortgage escrow explained
• Escrow shortage & payment increase
• Property tax escrow
• Homeowners insurance escrow
• Mortgage payment breakdown
• Escrow account pros and cons
• How to waive escrow
• Real estate & mortgage advice

💬 Got questions about your escrow account or mortgage payment? Drop them in the comments or book a call with me — I’m here to help.

📲 https://calendly.com/emmett-5/mortgag... to book a free call
📩 Subscribe for weekly mortgage tips and real estate strategies

#Escrow #MortgageTips #HomeOwnership #MortgageEscrow #EscrowAccount #PropertyTaxes #HomeBuying #MortgageBroker #RealEstateAdvice
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💻 MORE VIDEOS 💻
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🏆 My Goal 🏆

My goal is to help educate families on the mortgage and home buying process with some edutainment mixed in. 😀

I know home ownership can be life changing for a family. I know it has been for mine. Homeowners are 46X wealthier than renters. 46X! It matters. However like anything there are misconceptions and less than reputable companies and Youtubers too spreading misinformation. My goal is to give you perspective from the trenches originating loans every day.
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📱 CONNECT WITH ME 📱
Instagram -   / emmett_dempsey  
TikTok -   / emmettmortgage  
Website - https://www.tcmortgage.com
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What Do I Use To Film Videos? Here Is My List:
Filming Equipment
Sony ZV1 Camera - https://amzn.to/3wNEdoU
Neewer Wide Angle Lens - https://amzn.to/4e8HK1R
Main Light - GVM 80W Portable LED Video Light - https://amzn.to/3yGgyXL
Softbox - GVM Lantern Softbox - https://amzn.to/4bMFnA3
Rode Video Micro - https://amzn.to/3VpyqPO
Shure MV7 Microphone - https://amzn.to/3Vq3sHh
Elgato Wave Mic Arm - https://amzn.to/3X1cuvu
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👨 About Me 👨

My name is Emmett Dempsey, and I am a licensed Mortgage Broker working with families every day. I am a former US Army officer serving in Korea and Fort Bragg.
AIRBORNE! 🪂

This channel is about financial education related to mortgage loans to help teach families how to buy a house in any housing market and build wealth with real estate.

I talk about mortgage programs like VA, FHA, Conventional, Reverse, etc. Mortgage rates and discuss general finance and real estate market news that moves interest rates that can affect you when buying a house. I help to show the home loan process so that any first time home buyer or experienced home buyer can learn more about purchase and refinance mortgages.

Whether you are moving to Florida or any other state, I would love to help. Go ahead and reach out to me with any method mentioned above. I look forward to meeting you!

🔔Subscribe! 🔔
Subscribe for education on mortgages, home buying and building wealth with real estate!
Subscribe ► https://www.youtube.com/c/emmettmortg...
Contact ► [email protected]

The information on this YouTube Channel and the resources available are for educational and informational purposes only.​
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Emmett Dempsey, Mortgage Broker/Owner NMLS 208522
Treasure Coast Mortgage, LLC NMLS 1958997
Company Address - 584 NW University Blvd, Suite 711 Port Saint Lucie, FL 34986
Equal Housing Opportunity - For licensing go to www.nmlsconsumeraccess.org



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What Do I Use To Film Videos? Here Is My List:
Filming Equipment
Sony ZV1 Camera - https://amzn.to/3wNEdoU
Neewer Wide Angle Lens - https://amzn.to/4e8HK1R
Main Light - GVM 80W Portable LED Video Light - https://amzn.to/3yGgyXL
Softbox - GVM Lantern Softbox - https://amzn.to/4bMFnA3
Rode Video Micro - https://amzn.to/3VpyqPO
Shure MV7 Microphone - https://amzn.to/3Vq3sHh
Elgato Wave Mic Arm - https://amzn.to/3X1cuvu