Get Annual Escrow Account Disclosure Statement Format

Completing your Annual Escrow Account Disclosure Statement Format online can be a straightforward process with the right guidance. This guide will walk you through each section and field of the form, ensuring you have the necessary information to fill it out accurately and efficiently.

Follow the steps to complete your Annual Escrow Account Disclosure Statement Format online.

1. Click ‘Get Form’ button to acquire the form and open it in your preferred online editor.
2. Begin by entering the essential contact information at the top of the form. This includes your name, address, and any relevant identification numbers.
3. Proceed to the Loan Summary section where you will input specific details about your loan, including the loan number and any other pertinent information.
4. In the Escrow Account Explanation section, provide an overview of your escrow account, describing how it functions and the role it plays in managing your property taxes and insurance.
5. Fill in the Current Monthly Home Loan Payment and New Monthly Home Loan Payment fields, specifying the amounts you currently pay and any changes that will occur.
6. Review your Escrow Account Summary to check your balance. This will show whether you have a surplus or shortage in your account, and it will provide options for repayment if necessary.
7. If applicable, complete the Escrow Account Payment Coupon section to indicate how you wish to repay any escrow shortage.
8. In the Balancing Your Escrow Account section, ensure you understand how your account is evaluated for shortages or surpluses.
9. Check the Escrow Account History to assess your account activity over the past year and identify any discrepancies.
10. In the Expected Escrow Account Activity section, estimate your balances for the coming year, noting anticipated fluctuations.
11. Lastly, review the Expected Escrow Account Payments section to verify the amounts allocated for taxes and insurance included in your monthly payment.
12. Once all sections are completed, you can save changes, download, print, or share the finished form as needed.

Start filling out your Annual Escrow Account Disclosure Statement Format online today!