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  • Loan Escrow Intake Sheet (refinance)

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LOAN ESCROW INTAKE SHEET (REFINANCE)Borrowers name: Current Owner on Title: Property Address: Mortgage Broker/Lender: Contact: Phone: Fax: Email Address: Mailing Address: Amount of Loan Title Co.:.

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Escrow Fee – these vary by escrow company and they are based on the loan amount. Usually between $500 – $1000. Title Insurance Premium – this is for a lender's title policy. Rates are based on loan amount.

Your Existing Escrow Account After your mortgage is refinanced or paid off through the sale of the home, the remaining escrow balance will be refunded. This refund check is distributed after closing and is made payable to whoever is listed on the mortgage, meaning it could be made out to you and your ex-spouse.

The Previous Escrow Account. Escrow funds, unfortunately, cannot be transferred to new loans, even if it's with the same lender. All the property tax and insurance payments you have made to that account, since the last payment was made, will be returned to you, usually within 45 days via wire transfer or check.

If your taxes and/or insurance costs were lower than expected, your account may have a surplus. If the surplus is $50 or more, a surplus check will be attached to your Annual Escrow Analysis. Please detach the check and cash it.

If you are refinancing your mortgage with your current lender, then your escrow account may remain intact. That means that the funds you have in your account before the refinance will remain in the original escrow account.

If you are refinancing with your current home lender, your escrow account may remain intact. However, if you are refinancing with another lender, your current escrow account will be closed, and you should receive a check for the remaining balance within 30 days of paying off your former lender.

If it's later in the year, your lender may require a substantial amount of taxes to be paid upfront when you refinance. Because you won't have access to the escrow check for 4 to 6 weeks, you may have to make that payment out of your savings to close the deal.

You may not get a refund unless your property taxes and/or homeowners insurance have adjusted (think: gone down) with your new mortgage payments. If you refinanced with a new lender, a new escrow account will be opened and your previous escrow account will be closed.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232