{"id":198568,"date":"2025-03-04T10:31:02","date_gmt":"2025-03-04T10:31:02","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/do-you-have-to-pay-escrow-when-refinancing\/"},"modified":"2025-03-04T10:31:02","modified_gmt":"2025-03-04T10:31:02","slug":"do-you-have-to-pay-escrow-when-refinancing","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/do-you-have-to-pay-escrow-when-refinancing\/","title":{"rendered":"Do you have to pay escrow when refinancing?"},"content":{"rendered":"

Escrow is a common part of the home buying process, but many homeowners wonder if they have to pay it again when refinancing their mortgage. The simple answer is **yes**, you typically have to pay escrow when refinancing. <\/p>\n

When you refinance your mortgage, you are essentially taking out a new loan to pay off your existing one. During this process, your lender will likely set up a new escrow account to cover property taxes and homeowners insurance. This is because escrow accounts help ensure that these expenses are paid on time and in full, protecting both you as the homeowner and the lender.<\/p>\n

There are some instances where you may be able to waive the escrow requirement when refinancing, but this is less common and usually involves meeting certain criteria set by your lender. <\/p>\n

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