Considering mortgage finance analysis, when buying a home, the lender may hold money in an escrow account to pay "property taxes."
What is an escrow account?
An escrow account is a specially made account in which it is used to manage your mortgages.
An escrow account is a form of savings account whereby mortgage service providers help manage on behalf of the escrow account holder
Money from the Escrow Account can be used to pay the following fees or charges:
- Property taxes
- Homeowners insurance
- Mortgage insurance premiums
Hence, in this case, it is concluded that the correct answer is option C. "Property Taxes."
Learn more about the escrow account here: https://brainly.com/question/2312030
