I emailed my mortgage lender and she is closing out the Escrow Account. She advised it will be about a week and we should receive a check for the funds (est $700). I changed the name of my Long Term Emergency Fund to Long Term EF/Escrow Account and will put the $700 in there once it is received and set up my autodeposit.
Escrow Account Closing is in motion
February 13th, 2013 at 09:20 pm
February 13th, 2013 at 09:21 pm 1360790502
You will probably have your mortgage paid off so quickly, that it's probably best to get in the habit of paying your own taxes and insurance. BEcause that will be *forever.*
February 13th, 2013 at 09:28 pm 1360790902
February 13th, 2013 at 10:05 pm 1360793117
February 13th, 2013 at 10:40 pm 1360795215
If you have concerns about automatic withdraw, I suggest opening a dedicated account so that you can transfer sums needed each payday. With banks adding fees, it's important to review and be aware of charges.
February 14th, 2013 at 02:47 pm 1360853220