az insurance team logo
  • Black Yelp Icon
  • Black Facebook Icon
  • Black Twitter Icon
  • Black Google+ Icon
  • Black YouTube Icon

Ph 480-535-5709

Fax 480-785-4930

Txt 480-878-7715

 600 E Baseline Rd. 

Ste B-3 Tempe, AZ 85283

AZ Insurance Team is an Arizona Insurance Broker offering Home insurance, Auto insurance, Life insurance, and Commercial Insurance in Tempe, Phoenix, Chandler, Gilbert, Mesa, Scottsdale, Ahwatukee, Glendale, and everywhere else in Arizona. We also do insurance in California, Oregon, Washington, Colorado and Texas.

© 2017 by AZ Insurance Team LLC all rights reserved

September 27, 2019

Please reload

Recent Posts

Thanksgiving Safety Tips

November 8, 2018

Please reload

Featured Posts

What is an escrow account?

October 4, 2018



  If you’re thinking about buying a home and taking out a mortgage, you might have heard the term escrow. Although many people are unfamiliar with the term, having an escrow account is a relatively simple concept. Many mortgage lenders will require you to set up an escrow account in order to ensure that their collateral is secure.


                Escrow accounts make it so that if a disaster destroys your home, the lender is reassured that you’ll still be able to pay the remaining balance left on your mortgage loan. This is because an escrow holds and regulates your payment in a secure account to ensure your property taxes and hazard insurance are both paid on time each month.


                As a home buyer, you will likely set your escrow account at the time of closing. Your mortgage lender will determine how much money they will require from you to start the account based on your (PITI) Principle payment, monthly Interest payment, annual real estate Tax, and your home Insurance bill.


                Escrow accounts are particularly helpful if you as a home buyer find it difficult to save money over periods of time. While in many cases, an escrow account is required, some lenders will let you waive escrow. This often times comes with a fee as well as higher rates the lender will give you compared to homebuyers with an escrow account.


                If you’re not sure whether an escrow account is the right decision for you or you have questions regarding escrow, contact one of our agents at...


AZ Insurance Team


*All policies are a little different and this may not be applicable to your insurance policy, talk to your agent to see what your policy covers.*

Share on Facebook
Share on Twitter
Please reload

Follow Us