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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][quote=Anonymous]Virtually all lenders will waive the escrow requirement and you can pay directly. I would never allow my lender to escrow and keep my money for a year.[/quote] They usually charge you a higher rate to do this since the loan just became riskier.[/quote] They haven't yet.[/quote] They did when you took the loan, [b]dimwit. [/b]You paid an eighth to a quarter point over what you might have paid if you'd let them escrow. This is how it works.[/quote] You really ought not insult people when it's apparent you have ni idea what you're talking about. If you meet the lender's requirements, you can ask to have escrow removed, and there's no charge. [/quote]
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