Michael Inkman

Fairway Independent Mortgage Corp.

  • Home
  • About
    • About Michael
    • Accessibility Statement
  • Types of Loans
    • Reverse Mortgages
    • 203K Rehab Loans
    • Get Pre-Approved
    • Conventional
    • FHA Loans
    • Jumbo Mortgage Loans
    • USDA Home Loans
    • VA Loans
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Home Purchase
    • Home Refinance
    • Home Inspection
    • Home Appraisal
    • Mortgage FAQ
    • Mortgage Glossary
  • Reviews
    • Google Reviews
    • Read Reviews
    • Leave a Review
  • Get Pre-Approved
  • Contact
Michael Inkman | Fairway Independent Mortgage Corporation
5.0
Based on 103 reviews
powered by Google
review us on
Lee Vanvolkenburg
15:43 23 Nov 23
Michael and his team were wonderful to deal with. They were excellent with communication and always available to answer questions. Thank you all!
williams lovos
22:54 16 Nov 23
We close on the house tomorrow! Thank you David and Michael for making my first home buying a smooth process. I had several out of the ordinary situations that would had easily not been possible to get the loan in the time that they were able to approve it. My wife and I are forever grateful for the work the team did. Thank you again!
Mario Silvestri III
16:45 16 Nov 23
Rex Perkins
16:56 15 Nov 23
Everything had been going well over the past two years since refinancing an existing mortgage. The application process, approval, servicing website, everything had been very smooth, nothing but the best service. I then had a minor issue arise. We had a wind loss claim on our home and, unfortunately, I had put off getting the check cosigned until the last minute. An issue arose as part of a minor miscommunication in terms of where the check was to be forwarded for endorsement.To make a long story short, I feared that this miscommunication and misdirected check coupled with my procrastination were going to result in the check expiring and a huge hassle on my part to go through the process again. Mr. Inkman nor his branch were in any way involved with my account or account management, yet, the check inadvertently ended up in their draft loss department and I feared this would further delay things. I was a bit frantic.One of those that I emailed was Mr. Inkman. In an era when customer service is not as valued as in the past, I was very skeptical I would meet the deadline. But, to my surprise, Mr. Inkman took it on his own to personally get things done and get the issue resolved. It appears that he tracked down the overnighted check personally, directed it for signature, packaged and overnighted the check back to me. All the while remaining professional and pleasant and providing consistent email updates on the status. It doesn't even look like he delegated, rather taking the initiative and seeing it through on his own.To me, that's not just doing a job, that's going above and beyond in terms of leadership, professionalism, and customer service. We could not be more happy. And, as a further sign of good will, the Fairway CEO actually emailed me personally to follow-up and assure resolution. Been very happy with Fairway since my refinance, Mr. Inkman's efforts only further reinforce that opinion.
Samer Fallouh
15:01 15 Nov 23
Debbie Salas
21:47 03 Oct 23
This transaction probably would not have happened without Michael. Whenever we hit a stumbling block, he found a way around it! He kept us informed and was a positive light all the way through to the end and beyond.Thanks
Eric Kieffer
22:46 16 Aug 23
Did business with Michael about 20 years ago and he was happy to help us again. He and his team did a great job. See you in another 20.

Why Your Mortgage Has an Escrow Account and How It Works for You

May 15, 2025 by Michael Inkman

When you close on a home loan, you’ll likely hear the term “escrow account” mentioned—and if you’re like most buyers, you may not be entirely sure what it means. While it might sound complicated, an escrow account is a helpful tool that simplifies homeownership and protects your investment.

What is an Escrow Account?
An escrow account is a separate account set up by your mortgage servicer to hold funds for specific home-related expenses, most commonly property taxes and homeowners’ insurance. Rather than paying those large bills all at once, you make monthly contributions as part of your mortgage payment. When the bills come due, your mortgage servicer pays them on your behalf from the escrow account.

Why Do Lenders Require Escrow Accounts?
Lenders want to ensure your property taxes and insurance premiums are paid on time. If those payments aren’t made, your home could be at risk, either from legal claims (like a tax lien) or from damage without insurance coverage. Since your home is the collateral for the mortgage, it’s in the lender’s best interest to protect it.

That’s why many mortgage lenders require escrow accounts, especially for borrowers who make smaller down payments or use government-backed loans. In some cases, if you put down at least 20%, you may be able to opt out—but it depends on your lender’s guidelines.

How Escrow Accounts Affect Your Monthly Payment
Your monthly mortgage payment includes more than just principal and interest—it often includes escrow payments, too. Each year, your lender estimates how much you’ll owe in taxes and insurance, divides that total by 12, and adds that amount to your monthly bill.

Because these costs can change from year to year, your lender will conduct an annual escrow analysis. If taxes or insurance premiums go up, your escrow payment may increase. If they go down, you might receive a refund or a lower payment.

What Happens If There’s a Shortage?
If there isn’t enough money in your escrow account to cover your bills, say, if your property taxes increased unexpectedly, your lender will notify you of a shortage. You’ll typically have the option to pay the difference in a lump sum or spread it out over the coming year.

Escrow Accounts Offer Peace of Mind
Instead of having to remember due dates and save for large annual expenses, your escrow account helps you stay on track. It’s a built-in budgeting tool that simplifies the financial side of homeownership—and ensures your biggest investment stays protected.

Filed Under: Mortgage Tips Tagged With: Escrow Account, Homeownership, Mortgage Tips

  • 1
  • 2
  • 3
  • Next Page »

Michael Inkman

Contact Michael


michael@michaelinkman.com
Mobile: (214) 762-4659
NMLS #152707

FIMC Logo

Connect with Me

Browse Articles By Category

Quick Links

  • About Michael
  • Accessibility Statement
  • Blog

The content on this website is written by Michael and reflects his opinion, and not the opinion of Fairway Independent Mortgage Corporation.

Texas Consumer Complaint and
Recovery Fund Notice

Third Party FIMC: bestmortgageblog.com
Equal Housing Lender
Company NMLS #2289
For licensing information, go to: www.nmlsconsumeraccess.orgPrivacy Policy | Terms of Use
Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com.

Office Location


4201 Marsh Lane
Carrollton, TX 75007

Copyright © 2025 · Powered by MySMARTblog

Copyright © 2025 · Genesis Sample Theme on Genesis Framework · WordPress · Log in