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Escrow Account

June 18th, 2010 at 11:54 am

Oh *groan* we received a notice from our mortgage company that we have a projected shortage in our escrow account. This means our monthly mortgage payment is increased by $137. *groan*
About a year ago they sent me a fat check for the overage, like $1200. So silly! But what'da goiní do?!
I know we could take care of paying these things ourselves, but having an impound account seems like a better idea for us right now. I mean, we'd just have to set aside the same amount each month anyway.

Here's a question: In my sidebar with regard to the debt payments. Do you think I should leave the starting balance posted and bracket the current amount? Or should I just update as I payoff? What would you all like to see? I can't decide. (Boy, my life is full of hard choices isn't it? lol.)

2 Responses to “Escrow Account”

  1. creditcardfree Says:

    Personally, I have enjoyed not having an escrow attached to our mortgage. In regards to your sidebar, I like to see the original and current amounts. But do what YOU want to do!!

  2. Looking Forward Says:

    Thanks for the input! I think I'll do it that way. Smile

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