Escrow Analysis Questions

[JVille]

I remember the 10% too... long long ago!

PS I too am a Dinosaur

[Anonymous]

@JVille ... always nice to know there is some company! Times change I know?!

[JVille]

Actually after all these years it’s gone full circle. Old School, just hoping I don’t ever see “Baby Letters” again 😳

[EaglesFan2006]

Thought I’d share my result... turns out I was close. Monthly payment to escrow went up $49. Additionally a $302 shortage added an another $25, so a total increase of $74 per month. Odd considering a decrease in tax/insurance.

What a bizarre process, but at least I know what to expect now with a full year

[kilroy8]

Thanks for following up. The first amount makes little sense, unless last year's estimate was low. The shortage thing, that I understand.

[JVille]

You can pay the shortage as a lump sum and they will adjust your pmt.

[EaglesFan2006]

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@kilroy8 wrote:

Thanks for following up. The first amount makes little sense, unless last year's estimate was low. The shortage thing, that I understand.

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Yeah...i mean last year I closed so this is the first analysis.  I'm not sure how it got to be low, but it is what it is

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@kilroy8 wrote:

Thanks for following up. The first amount makes little sense, unless last year's estimate was low. The shortage thing, that I understand.

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