--- title: What is an escrow account? description: Many of the common questions borrowers have are related to escrow accounts, so we’ve created a video just for you. 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[![Share on Facebook](https://info.carringtonmortgage.com/hs-fs/hubfs/EHO/facebook.png?width=24&name=facebook.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Finfo.carringtonmortgage.com%2Finformation-center%2Fwhat-is-an-escrow-account%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://info.carringtonmortgage.com/hs-fs/hubfs/EHO/linkedin.png?width=24&name=linkedin.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Finfo.carringtonmortgage.com%2Finformation-center%2Fwhat-is-an-escrow-account%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://info.carringtonmortgage.com/hs-fs/hubfs/EHO/twitter.png?width=24&name=twitter.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Finfo.carringtonmortgage.com%2Finformation-center%2Fwhat-is-an-escrow-account%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Finfo.carringtonmortgage.com%2Finformation-center%2Fwhat-is-an-escrow-account%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=What%20is%20an%20escrow%20account%3F) [![Share on Pinterest](https://static.hubspot.com/final/img/common/icons/social/pinterest-24x24.png)](http://pinterest.com/pin/create/button/?url=https%3A%2F%2Finfo.carringtonmortgage.com%2Finformation-center%2Fwhat-is-an-escrow-account%3Futm_medium%3Dsocial%26utm_source%3Dpinterest&media=https%3A%2F%2Fcms.carringtonhomeloans.com%2Fhubfs%2FEHO%2Fpinterest.png) [![Share on Email](https://info.carringtonmortgage.com/hs-fs/hubfs/EHO/email.png?width=24&name=email.png)](mailto:?subject=Check%20out%20https%3A%2F%2Finfo.carringtonmortgage.com%2Finformation-center%2Fwhat-is-an-escrow-account%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Finfo.carringtonmortgage.com%2Finformation-center%2Fwhat-is-an-escrow-account%3Futm_medium%3Dsocial%26utm_source%3Demail) ![](https://info.carringtonmortgage.com/hubfs/Screen%20Shot%202020-08-06%20at%202.39.27%20PM.png) Many of the common questions borrowers have are related to escrow accounts, so we’ve created two videos just for you. Hopefully, after listening, you understand what an escrow account is and common issues that may arise.     # Escrow Account FAQ **OVERVIEW:** **What is an escrow account?** An escrow account allows Carrington Mortgage Services, LLC (“Carrington”) to pay the required taxes and/or insurance on the property you own. Within your monthly mortgage payments, you pay a certain portion of your taxes and/or insurance premiums. When those taxes and/or insurance premiums come due, Carrington will pay them on your behalf with the money you have paid into your escrow account. **What are the benefits of having an escrow account?** Escrow accounts are a great source to help you budget for large expenses such as property taxes and insurance costs. Another benefit is that Carrington will take care of the payments so it is one (1) less payment to keep track of. [Click here](https://info.carringtonmortgage.com/information-center/escrow-account-faq) to visit Escrow FAQ. ## Related Articles [![](https://info.carringtonmortgage.com/hubfs/IMAGES/Newsletters/What%20is%20Escrow.png)](https://info.carringtonmortgage.com/information-center/escrow-account-faq) [Welcome to CMS](https://info.carringtonmortgage.com/information-center/tag/welcome-to-cms) [Escrow](https://info.carringtonmortgage.com/information-center/tag/escrow) ### [Escrow Account FAQ](https://info.carringtonmortgage.com/information-center/escrow-account-faq) [Read More](https://info.carringtonmortgage.com/information-center/escrow-account-faq) [![](https://info.carringtonmortgage.com/hubfs/IMAGES/imagesCHL/ThinkstockPhotos-121276730.jpeg)](https://info.carringtonmortgage.com/information-center/understanding-my-escrow-account) [Welcome to CMS](https://info.carringtonmortgage.com/information-center/tag/welcome-to-cms) [Escrow](https://info.carringtonmortgage.com/information-center/tag/escrow) ### [Understanding My Escrow Account](https://info.carringtonmortgage.com/information-center/understanding-my-escrow-account) [Read More](https://info.carringtonmortgage.com/information-center/understanding-my-escrow-account) ## Mortgage & Lending Services - [Buy a Home](https://www.carringtonmortgage.com/home-loans/buy-a-home) - [Refinance a Home](https://www.carringtonmortgage.com/home-loans/refinance-a-home) - [Mortgage Calculators](https://www.carringtonmortgage.com/tools/calculators) - [The Loan Process](https://www.carringtonmortgage.com/tools/loan-process) - [Find an Expert](https://www.carringtonmortgage.com/find-an-expert) - [Home Builders](https://www.carringtonmortgage.com/Partner-with-Us/home-builders) - [Real Estate Agents](https://www.carringtonmortgage.com/Partner-with-Us/real-estate-agents) ## Terms - [Privacy Policy](https://www.carringtonmortgage.com/legal/privacy-policy) - [California Consumer Privacy Act Notice](https://www.carringtonmortgage.com/legal/ccpa-notice) - [State Licensing](https://www.carringtonmortgage.com/legal/state-licensing) - [Terms and Conditions](https://www.carringtonmortgage.com/legal/terms-conditions) - [Best Practices](https://www.carringtonmortgage.com/legal/best-practices) - [Fair Lending Statement / HMDA Notice](https://www.carringtonmortgage.com/legal/fair-lending-statement) - [Consumer Fraud Alert](https://www.carringtonmortgage.com/legal/consumer-fraud-alert) - [Equal Opportunities](https://www.carringtonmortgage.com/legal/Equal-opportunities) ## Manage Your Mortgage - [Payment Options](https://www.carringtonmortgage.com/payment-options) - [Mortgage Assistance](https://www.carringtonmortgage.com/mortgage-assistance) - [Disaster Assistance](https://www.carringtonmortgage.com/disaster-assistance) - [Scheduling Servicing Fee](https://www.carringtonmortgage.com/schedule-of-fees) - [Payoff Statements](https://www.carringtonmortgage.com/payoff-statements) ## Contact Us - Current Customers ## About Us - [Our Mission](https://www.carringtonmortgage.com/our-mission) - [Foundation](https://www.carringtoncf.org) - [Holding Company](https://www.carringtonhc.com) - [Accessibility](https://www.carringtonmortgage.com/accessibility) - [Press and Media](https://www.carringtonmortgage.com/pressandmedia) - [Contact us](https://www.carringtonmortgage.com/contact-us) ## Get the App [![](https://info.carringtonmortgage.com/hs-fs/hubfs/raw_assets/public/Templates/2022/svg/Carrington-mobile-apple.jpg?width=135&height=42&name=Carrington-mobile-apple.jpg)](https://apps.apple.com/us/app/carrington-mobile/id1673471360) [![](https://info.carringtonmortgage.com/hs-fs/hubfs/raw_assets/public/Templates/2022/svg/White-Google-1.jpg?width=135&height=42&name=White-Google-1.jpg)](https://play.google.com/store/apps/details?id=com.carringtonms.CMSMobile2&pli=1) [Icon-Facebook](https://www.facebook.com/CarringtonHomeLoans/) [Icon-Twitter](https://twitter.com/CarringtonMS) [Icon-Linkedin](https://www.linkedin.com/company/carrington-mortgage-services-llc) [Icon-Instagram](https://www.instagram.com/carringtonmortgage/) Icon-EHO Consumer Access NMLS ID #2600 | Copyright 2026 Carrington Mortgage Services, LLC. 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