We bought our first home during covid on a conventional loan, 20% down. We set up an escrow account so that the lender will pay the property tax and home insurance on our behalf.
We have always been very disciplined with our spending and savings. And now we feel that an escrow account won’t be necessary anymore. We’d rather put more money into our savings account each month to get more interest, then pay the home insurance and property tax on our own when they are due.
So my question for those who have gone through the process is. How difficult was it for you? Are there any fees to lookout for? How long does it usually take?
Thanks in advance!
Submitted August 02, 2023 at 07:51PM by Thuong_vo_nhieu https://ift.tt/8ARjXn0
