My mortgage servicer’s app/website have an option to make an extra, non-required payment into the escrow account (the other options are normal payment or extra principal payment). I get why you would want to pay extra principal. Why though would you ever want to put extra into your escrow account? It seems to basically just be giving the bank an interest free loan. Why not just pay it when they tell you you have to?
Submitted July 23, 2022 at 10:23PM by Taibei-0- https://ift.tt/e9OmnSV
