I paid a relatively small fee for the mortgage company to release my escrow. I'll have to pay my taxes and insurance in full every year, which is not a huge problem, but it caused my house note to go down by $900 a month.
My logic is I'll keep my own escrow and earn interest on it while sending extra to the principal.
I also get to keep more of my own money every month.
My biggest issue with escrow is they always want a huge cushion and all they do is make payments that I can make myself.
Anybody find this to be a better way?
Submitted May 03, 2024 at 08:40PM by nobodytoldme https://ift.tt/nHBCYAZ
