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Exciting Escrow/Mortgage News!

January 28th, 2010 at 05:05 pm

Got some exciting surprise mail today! We got our Annual Escrow Statement. We just bought our house at the end of 2007, so this is only the 2nd one we have gotten. Last year we got about $100 back at the end of the year, because we had overpaid. This year we are getting $528 back! Whoo hoo! I know it is just our money anyways, but it is money I had already "spent" so I am so pumped! I have not decided for sure what I am going to do with it yet.....but I am thinking some to mortgage principle and the rest to savings......probably mostly to savings. Also our monthly mortgage payment is going down $36 a month starting 3/1/10. So I will continuing paying the same amount and adding that extra $40 (adding $4 to get to an even number) to the principle payment every month. That's an extra $480 per year to the mortgage principle! Whoo hoo! YEAHHHH!

3 Responses to “Exciting Escrow/Mortgage News!”

  1. creditcardfree Says:

    That is exciting!! And you have great plans to handle it, too.

  2. Ima saver Says:


  3. gamecock43 Says:

    Always great news to get back money even if it is your own money!

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