Established by your lender, an escrow account is a place to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance, mortgage insurance (if applicable), and property taxes. Escrow accounts are a good idea because they assure money will always be available for these payments. If you use an escrow account to pay property taxes or homeowner's insurance, make sure you are not penalized for late payments since it is the lender's responsibility to make those payments.
To keep your retracting tape measure working smoothly wipe the metal blade with a small dab of car wax, then wipe with a clean cloth. This will help protect the blade’s finish and keep it retracting smoothly.