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In this video, Matt the mortgage guy explains how escrow accounts work. He acknowledges that it can be a confusing concept for many people but assures viewers that it is a common question. An escrow account is like a savings account held by the mortgage company to pay property taxes, insurance, and mortgage insurance. The mortgage company holds the money in the escrow account and makes payments on behalf of the homeowner, such as paying taxes to the county and homeowners insurance annually. If you have questions about escrow accounts, this video aims to help clarify how they function.