Our Mortgage Payment Just Went Up Another $67...

[janette]

Your escrow statement should have the escrow balance on it. If they just paid taxes and you pay the insurance yourself you probably are at a low point but they always have some reserve. It is limited what they can hold, that's why sometimes payments can go down.

 

[Lars624]

We used to have an escrow account until we got a delinquent tax notice in the mail. Turned out that the mortgage company paid taxes on the wrong (cheaper) piece of property. After I called them they figured out their mistake & upped my payment by 150.00 to cover the shortage and to put the larger amount away for the next year. We refinanced & got rid of the escrow account so now we pay the taxes ourselves. I guess I figure they'll be less mistakes if I'm doing it myself.