What Is Escrow?
Escrow is an account used to collect and pay:
Property taxes
Homeowner’s insurance
This ensures payments are made on time each year.
Why Doorly Requires Escrow
Escrow protects:
You (by ensuring no unexpected large bills)
The property
The loan
Long-term payment health
It’s standard practice across most mortgage types.
Changing Insurance Providers
You may choose your insurance provider.
If you switch later, notify your servicer and they will update your escrow calculations.