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Reply to "How much has your mortgage payment increased due to escrow? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Escrow is a good idea for the vast majority of homeowners. I is convenient and ensures your tax and insurance bills get paid. [/quote] We ensure our taxes and insurance gets paid, by actually paying them. I find writing a check twice a year to pay property taxes convenient. Insurance is bundled with car and others so we get a bigger discount and they take it out automatically. I don't trust another entity to do it- there were several scandals in the late 80's and early 90' where mortgage companies neglected to pay them and/or kept way too much in escrow. I don't want the banks to get any more of my money to play. [/quote] That's great, but you aren't be vast majority of consumers. I am no fan of the banks, but it is actually quite reasonable for them to require escrow to protect their investments. [/quote] I agree.[/quote]
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