Lending Questions
… Frequently Asked Questions About Home Loans Have a question about mortgages with Arvest? We’ve answered some of …
An escrow account is a fund established for the collection and payment of property taxes, hazard insurance and mortgage insurance premiums. Escrow payments are conveniently collected as a part of your monthly loan payment. The balance builds as monthly payments are collected, and it is reduced as we pay your property taxes, hazard insurance and mortgage insurance premiums.
An escrow shortage will occur in the escrow account if the actual amount paid out in property taxes and/ or property insurance is more than what was projected to be paid.
Escrow shortage payments to Arvest Bank Mortgage Servicing can be made by returning your payment along with the shortage coupon at the bottom of your escrow analysis statement. Payments can also be made in-person at any Arvest Bank branch location or over the phone with one of our friendly customer service representatives.
Whereas, if an escrow analysis reveals that the actual amount paid out in property taxes and/ or property insurance is less than what was projected to be paid, the anticipated escrow balance may reflect a surplus as more than enough funds were collected. If the surplus is $50 or more and your mortgage account is current, this will be refunded to you. If your mortgage is more than 30 days past due, the surplus will be retained in your escrow account.
For more information regarding escrow accounts, please contact Customer Service at (800) 366-2132.
… Frequently Asked Questions About Home Loans Have a question about mortgages with Arvest? We’ve answered some of …
… who are experiencing a financial hardship. As your home mortgage servicer, we want to help you retain your home … the time to act is now. Please review the overview of different hardship assistance options available below: … Rental income verification including Lease agreements and proof of payment for two consecutive months Most recent tax …
… experience: Sign up for online statements Access your tax and insurance info 24/7 View and manage your payments … about your account. One change we're making is our annual escrow analysis processing schedule. This will give you a more streamlined process for your annual escrow analysis statements. Depending on your current …
… Bear State personal account, you will need to contact the companies initiating those transactions after Monday, … with your Arvest personal account number and the Arvest transit routing number, which is 082900872. Arvest will work to help provide your vendors …
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