Using an escrow account to make your mortgage payments is typically good for homeowners and mortgage lenders. Escrow makes it easier to stay current on your accounts by paying your mortgage, property taxes, and homeowners insurance at the same time. u003cbr/u003eu003cbr/u003eIn addition, homeowners who use mortgage escrow typically get 0.125%-0.25% lower mortgage rates than those who don’t. A lender charges lower rates because it takes less risk when you pay into an escrow account. So you’ll actually save money with a mortgage escrow.