MORTGAGE

Rain or Shine? It's Escrow Time.

When you bought your home, you probably planned your budget around your monthly mortgage payment.

But now — surprise! Your payment changed, even though your rate didn’t. What happened?

Why Are My Payments Changing?

The answer likely lies in your annual escrow analysis.

Think of escrow as your home’s piggy bank for property taxes and insurance. Every year, we check if your monthly payments need adjusting based on tax and insurance changes. If costs go up, you might owe more. If they go down, you might get money back. Any changes will be effective on July 1st and will be reflected in your  mortgage statement.

How Do I Check My Escrow? 

Your escrow analysis will be mailed out in late May, but they are always available online! Just log into your Mortgage Center account to check it out.

Heads Up!

If you send less than your new payment amount, it won’t go toward your mortgage right away.

Teaching is in our DNA

Sharing our knowledge is yet another way TruStone benefits our members. So go ahead, enrich yourself in our Financial Education Program today.

Mother and her two children sitting outside sharing a laugh
Buying a House

Escrow Explained: Why it’s a Game-Changer.

Home-buying terminology can be somewhat intimidating. What in the world is escrow, anyway? We’re here to answer that question, quickly and painlessly.

Man working on his computer while looking out the window
Budgeting

5 Ways to Cut Costs & Save More

There are literally thousands of ways to stretch a buck and keep more of them in your pocket. Simple things, like brewing your own morning Joe vs. buying that expensive latte at the drive-thru. We’re here to help you save in every way.

Woman drinking out of white mug and looking at phone
Budgeting

It’s Time to Build a Budget

Building good habits like exercising, eating well, and budgeting can set you up for long-term success. Yes, budgeting! It's one of the best ways to take control of your finances, prepare for the future, and reduce stress.

*Terms, conditions, and timing restrictions apply. Conventional purchase loans only. Subject to credit and property approval. Offer subject to change at any time. TruStone Financial membership required.