Anyone got the dreaded yearly escrow letter yet?

And you’re just leasing it from government -

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Decline escrow and pay insurance once a year and you’ll have a consistent mortgage payment.

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Most lenders require those be paid through escrow to my knowledge.

Try comparing to buying in the early/mid 1980's. That was insanity that most people have forgotten. Especially the entitled youngsters.

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Most lenders require those be paid through escrow to my knowledge.

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I’ve never used escrow and it’s never been an issue.

Yes. But mine went down. They totally screwed me last year bc of insurance increase so now I have a large surplus. My note went down. We will see next year as I will still have money in escrow after this new policy is paid. And on an even better note, my insurance renewed this year this month (last year was 1st with them after other dumped me 2 years in after my company of 20 years left the state prior to Hurricane Ida) and it didn’t go up much on renewal. Under $5k. I hope they keep me next year. The prior was awful company at over $7k and not as much coverage. Last year, my mortgage payment was almost double. Year before 1 1/2 amount. All bc of insurance.

I’m lucky though bc my mortgage company also has an insurance company and had been after me since Hurricane Ida to let them try bc my insurance was so high last 3 years. They found me a good company.

I always seem to get a check back from my mortgage company for paying too much in escrow. In fact, got a huge check in the mail last week!

I told them to keep it. I want to offset any surprises next year. It’s been stressful couple of years and also not knowing if I’d be renewed the next in this environment. In 2 years I’m going to pay the balance of mortgage off and self insure or just have fire / liability. I’m tired of being at the mercy of insurance companies. Lloyds of London put me through the wringer and has left a sour taste. Gulf States has been easy.

I don’t have insurance or property tax in escrow. I just pay them as it comes up.

I don’t know why.

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Decline escrow and pay insurance once a year and you’ll have a consistent mortgage payment.

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This