Yes, there certainly is. If everything works as well as it should, the escrow service will save you the personal headache of keeping up with the property tax and insurance payments schedule all through the years of your mortgage. Even the loss of a certain amount to the interest that the lender is going to keep, will feel like a fair fee for good service. If the service is good… To determine whether it is, read about escrow trials and tribulations in my special article.
