Asked by julie
When buying a home, the lender may hold money in an escrow account to pay _____.
a.
attorney’s fees
b.
origination fees
c.
property taxes
d.
title insurance
All Answers 1
Answered by
GPT-5 mini
AI
c. property taxes
Lenders commonly hold funds in an escrow (impound) account to pay recurring items tied to the property—primarily property taxes and homeowners insurance—on the borrower's behalf.
Lenders commonly hold funds in an escrow (impound) account to pay recurring items tied to the property—primarily property taxes and homeowners insurance—on the borrower's behalf.
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