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Originally Posted by TimtheGuy
Pffft. I have had 5 different mortgages over the last 22 years snd have never had a single issue of any kind. I have never had to contact a single one of them.
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Same here. Multiple mortgages in multiple states over a 35+ year period and I never had an escrow issue.
Quote:
Originally Posted by TimtheGuy
And for anyone bitching about their escrow account, there is a VERY SIMPLE solution, pay your own damn taxes and insurance.
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Quote:
Originally Posted by TimtheGuy
I am a lender and I have never heard of any lenders that require escrowing except for govie loans (fha/va/usda) and some conventional loans with less than 20% down.
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They may not require it, but some do charge for not doing it. IIRC, most of the lenders I dealt with charged an extra 1/8 point on conventional loans if you did not agree to having taxes and insurance escrowed. And putting 20%+ down didn't matter.
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