Originally Posted by gangaftagley
I am in the process of refinancing my home and was told by the lender that I am able to waive the escrow for taxes but would be required to pay an escrow waiver fee. Which I expected. But when attempting to get the lender to waive the waiver fee, I was told that they are required by law to charge the fee. Is this true?
Not too sure about the required by law part but all lenders do penalize you to waive escrow. Look at it this way you are taking away intrest earned by the bank not you so they charge you not to do escrow on something they will make intrest on.