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Mortgage escrow question...
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Diane
Hope is Contagious....catch it
Member since 5/05 30683 total posts
Name:
D
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Mortgage escrow question...
so I got an escrow shortage of $1200.
I paid it, and my monthly payment is still a little more that the used to be. DH said if we paid the shortage shouldnt it still stay the same??
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Posted 5/16/08 7:41 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
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Re: Mortgage escrow question...
They probably increased it to avoid the shortage next year.
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| Posted 5/16/08 7:59 AM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Mortgage escrow question...
They increased your monthly escrow payment to avoid the shortage next year--not that they know what they should have in your account.
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| Posted 5/16/08 8:05 AM |
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hbugal
Lesigh
Member since 2/07 15928 total posts
Name:
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Re: Mortgage escrow question...
They are taking into an account the increase in your taxes and possibly your Homeowners insurance as well...
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| Posted 5/16/08 12:41 PM |
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