Escrow

How can I drop my PMI?
To request removal of PMI, please submit a written request to: escrow@republicbank.com or by mail: Republic Bank Escrow Department, PO BOX 70749, Louisville...
Fri, 23 Jun, 2023 at 3:27 PM
How can I cancel my flood coverage?
You can apply for a LOMA (Letter of Map Amendment) on www.fema.gov. If FEMA approves you for a LOMA, email us at escrow@republicbank.com or write us at Repu...
Fri, 23 Jun, 2023 at 3:27 PM
What's an escrow account?
An account you fund each month as part of your total monthly payment. We use it to make property tax and insurance payments for you. Items like mortgage ins...
Fri, 23 Jun, 2023 at 3:27 PM
Why am I required to have an escrow account?
Most of the time, escrow accounts are required if your down payment was less than 20%. There are benefits to having an escrow account, even if it isn’t requ...
Fri, 23 Jun, 2023 at 3:28 PM
How can I open an escrow account?
If you don't have an escrow account with us and want to open one, we'd be happy to help you. Please indicate which property tax or homeowners bills ...
Fri, 23 Jun, 2023 at 3:28 PM
Where can I find more information about my escrow account?
Access your mortgage account online. Sign on to your mortgage account to check your escrow account balance and see when tax and insurance payments are made ...
Fri, 23 Jun, 2023 at 3:29 PM
What minimum balance is required for my escrow account?
Sometimes taxes and insurance are higher than expected. To be prepared, you're required to keep a minimum balance in your account at all times. This hel...
Fri, 23 Jun, 2023 at 3:29 PM
What bills are paid from an escrow account?
Property taxes Homeowners insurance Mortgage insurance (if it's required) Flood insurance (if it's required) We do not pay: Homeowners as...
Fri, 23 Jun, 2023 at 3:30 PM
How is my escrow amount determined?
We estimate how much your taxes and insurance will cost over the next 12 months. We base this on the last-known bill amounts from your taxing authority and...
Fri, 23 Jun, 2023 at 3:30 PM
Why didn't my payment go down when my taxes or insurance did?
We review your escrow account once a year. If you want us to recalculate your payments sooner, please contact us. We can review your account ahead of schedu...
Fri, 23 Jun, 2023 at 3:31 PM