Understanding Escrow

Do you have an escrow payment? Having escrow on your loan means that GCEFCU collects for homeowner’s insurance, property taxes and private mortgage insurance (PMI, and if applicable) on a monthly basis. When these entities become due, whether they be at the beginning, mid, or end of year, we pay them on your behalf.

Click through all the resources below to get a better understanding of your escrow statement and how to prepare for future payments.