Say goodbye to big escrow adjustments
Buying or refinancing a home can be stressful enough for homeowners. Unfortunately the way that most lenders set up property tax escrow accounts often results in big adjustments the first two years after closing. The way that Florida’s homestead laws work these adjustments can be very large - resulting in a borrower being surprised with out-of-pocket cash and a much higher payment than they budgeted for! SmartEscrow™ takes into account existing “portability”, actual local county and municipality tax tables, and other intricacies of Florida’s unique property tax laws so that the borrower’s property tax escrow account is set up accurately with no need for any significant adjustments in the future!