Escrow
The escrow accounts are special accounts that a lender uses to hold a borrower’s monthly payments towards property taxes, homeowner's insurance andmortgage insurance if applicable. By distributing these annual fees as components of monthly mortgage payments paid by the borrower, you don’t have to worry about getting an exorbitant bill in the mail that you can’t afford. Instead, you pay a portion of the expected fee into an escrow account throughout the year and the lender disburses payment for these fees when they become due.
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Helpful Terms
- Fully Indexed Rate
The interest rate used to accrue interest on the Negative Amortization Mortgage after the initial fixed period has ended.
Testimonials
Thank you so much for everything you did for us during the process of purchasing our dream home. We were so frustrated with the experience we had with the bank who had provided our first mortgage, I am thankful we made the decision to work with for this purchase. We were unsure how to proceed with the loan application process for our specific situation, and you were to guide us through the best scenario to reach the outcome we were looking for. There were so many ups & downs during the purchasing process, and you were always there to guide us through each step. I appreciate how quickly you responded to our e-mails & calls at different times of the day. At settlement, you made sure we understood everything and stayed with us until the process was completed. The experience we received was invaluable, and I cannot imagine how we would have made it through without your help & expertise. I highly recommend Financial Access to anyone who is looking for professional & personalized experience.
S.R, Phoenixville – 2013
Thank you so much for everything you did.
Your professionalism and caring went above and beyond. I greatly appreciate all your efforts to expedite the closing. It is with your help that I am able to enjoy my new home.
K.
Thanks for all your help Annamarie! Drew and I greatly appreciate all your help with this process and the extra time you took explaining everything to us and making sure we were comfortable with every decision we have had to make.
-Kelly and Andrew Dougherty
It was my pleasure getting to know you better today. I would also like to tell you that I have had a lot of contact with mortgage people over the years. As a Realtor for almost a decade in both New York and Canada. I have purchased five homes. One in New York, three in Canada and one in Pennsylvania. I also looked into becoming a mortgage broker while I was practicing real estate, so I talked to a number of mortgage brokers about the business. I just wanted to let you know that you are the most impressive person I have met in the mortgage industry in well over a decade in two countries. I have never met someone with your comprehensive knowledge of the entire industry, from product knowledge, to sales, to underwriting, to back office and paperwork. It is also obvious to me that your clients’ needs are your needs, which is very rare to find. Whenever I come across someone (including myself) who needs to mortgage or refinance in Pennsylvania you are the person I will refer them to.
Richard Stoltz- Bristol, Pa 12/17/2013
Anytime I can pass someone your way, I really am happy to help. You certainly have been a big help to me.
C.P.
Annamarie Scarselletti of Financial Access, LLC was so patient and kind during our home refinancing in the Spring of 2013. As an easily overwhelmed individual, I was comforted as Annamarie held me together, guided me through sorting paperwork and went the extra mile to meet with us on numerous occasions to sign paperwork. Her obvious dedication to her clients is what brought be back to work with Annamarie after she helped me with my first home mortgage and two subsequent refinances over the past decade. Annamarie is the bees knees!
Jeannie C. 2010
Annamarie has been working with me for several months to enable me to obtain a very complicated mortgage refinance. There were many, many obstacles that had to be overcome in order to proceed with the loan. I could not have found anyone that was more thorough, patient and knowledgeable than Annamarie.
She explained in detail banking, real estate and mortgage procedures that have never been explained to me in the past. She explained everything in easy-to-understand language, told me why she was doing what she was doing and why it was in my best interest.
There were many non-typical issues to overcome and Annamarie tackled and resolved each one. At one point, I was on the verge of giving up but she talked me out of it, telling me to be patient and we would get where we needed to be. She was right. We closed on the loan in mid-July.
I highly recommend Annamarie Scarselletti’s services and I would contact her again if the need ever arises. She has proven to be very professional and extremely competent in her profession.Dave Mazzaferro, Saxton, PA, 7/30/2014
Annamarie, Thank you so much for helping us to get our dream house! We can’t tell you how much we appreciate all the hard work you did! We’ll have to make plans for you to come see our new home.
Best Wishes to you and your family!
Brighid and Kieran M. 10/07
You know you can trust a company when your own financial planner uses and suggests it to their own clients! Annamarie Scarseletti of Financial Access, LLC has made the art of re-mortgaging easier than I could ever believe. During the process, I always felt like I was Ms. Scarseletti’s only client, as she constantly kept me informed, always offered sound and fair advice, even emotional support (Thank you for the holiday card last year!). Working with this company has given me a sense of empowerment, believing that there is a company out there who really cares about their customers’ interests, and is willing to put in 110% of their energies to help someone like me own and improve a home on a single income. I have referred Annamarie Scarseletti of Financial Access, LLC to close friends and family, and will most definitely use this company’s services in the future.
E.H. Fleetwood, PA
We thank you with gratitude for your skilled professional services in securing our new mortgage for our home.
Your services will save us a lot of money and give us peace of mind in the years ahead.
You are a superb credit to your profession.
S. W.
Licensed by Pennsylvania Department of Banking and Securities Annamarie Rita Scarselletti- Mortgage Originator NMLS #133627 Company NMLS #111331 Website developed by Assembly Image Management, Inc.
