Cancelling mortgage escrow account. How difficult is it?
Cancelling mortgage escrow account. How difficult is it? 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 ...