My mortgage payment decreased this month....any advice?

They probably recalculated your escrow, so you will have this lower payment for the next year. Was an escrow analysis also included with your monthly statement?

quote:

---

any advice?

---

Escrow Change... Will prob jump sometime in the future.

I doubt you do, but if you live paycheck to paycheck and that amount made a big difference, don't go blowing it. More than likely, the Mortgage company will readjust your Escrow in the future and ask for more money.

I remember my last mortgage fluctuated from around 899-960 depending on the amount of funds in my escrow. I think its a law that they can only keep a certain % in your escrow.

On my new mortgage, I don't have an Escrow I pay taxes and insurance out of pocket and have invested that money to work for me. Why should the mortgage company make interest off of my property tax $$$ all year round