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Originally Posted by LuxLiving
Needless to say, we pulled ours and pay ourselves monthly into a savings subaccount and then pull it out when it's time to make the payment.
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We do the same thing. I prefer being in control of how much money I set aside for taxes and being the beneficiary of the interest money that generates.
We were able to drop our escrow in one quick call to our lender. Since we had over 20% equity, they dropped it right away and had a refund check to us in a week or so. We put that into an ING account and add too it each month. I'm much happier, though you do have to pay attention to due dates and actually remember to pay your tax and insurance bills!