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Should I dump my mortgage escrow account and self manage?

  • Reddit Personal Finance
  • 03-09
  • 823
  • 0

Should I dump my mortgage escrow account and self manage? I meet all the qualifications to self manage my escrow. My escrow is about 6K/year and covers property taxes and Insurance. I am thinking about self managing it for two main reasons:
I can earn interest on 6K. I don't like the fact that Mr.Cooper (who recently became a victim of a cyber attack) is managing my money.
Are there any downsides th...

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  • Personal Finance
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  • account
  • dump

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