re: Mortgage/Escrow Question

My mortgage is with Chase also. According to the escrow specialist with Chase, July is Louisiana and Ohio's month for Chase escrow analysis. So, needless to say, they have been receiving a lot of calls from LA and OH.

anyway..... my monthly payment is also going up this year, by $75.

assuming your escrow statement looks identical to mine:

-go to page 2 of 4, under "This Year Oct '12 to Sept '13"
-in 11/2012 and/or 12/2012 you will seed your Estimated amount vs your Actual amount for your taxes. you can compare the differences there.
-your insurance is also on there. it will be under what ever date your insurance company bills you. again, you can compare the difference between "estimated and actual"
-the next page shows the following year.

you have to make up the shortage plus make up the difference for the following year.

The lady I spoke with was extremely knowledgeable and very nice. I recommended calling them: 1-800-848-9136 hit 0 to speak with representative.

like I said, I got lucky and the girl I spoke with was very helpful. If you get someone unhelpful, hang up and try again.