Interesting Phosphorus Facts. 1  Brand called the new element cold fire because it glowed in the dark. The name of the element comes from the Greek word phosphoros, which means bringer of light. The form of phosphorus Brand discovered was white phosphorus, which reacts with oxygen in air to produce a green-white light.
A mortgage escrow service is much like a forced savings account. Money is paid directly to the escrow service where it is held until payments are due. For example, when you pay your mortgage bill, several hundred dollars per month are added to your payment. mortgage escrow account is an easy and simple way to manage your annual tax and insurance payments and put them on autopilot. Sure, it costs a little extra money every month, but to me, it is well worth the convenience.
The mortgage aggregate adjustment determines the initial deposit that must be placed in the escrow account at closing. The formula is used to calculate the amount that allows a two-month cushion, which is a maximum sum of money in addition to the amount needed to cover escrow items in the borrowerâs account at all times.