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CAN I GET OUT OF PAYING ESCROW

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hikerdoll Joined: 15 Apr 2011 Posts: 1 1.33 Dollars($)	Posted: Fri Apr 15, 2011 4:37 am    Post subject: CAN I GET OUT OF PAYING ESCROW Like 0 Dislike 0 Recently lowered homeowners insurance and now Chase Home Finance has raised my mortgage instead of leaving it alone or lowering it. They keep doing escrow analysis and adds in another insurance payment. Spoke with several people in different departments, no one gets it, so I want to make my own payments. They told me no, seeing the contract states they will take care of it. Is there anyway I can legally get out of this!
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Fri Apr 15, 2011 9:47 am    Post subject: Like 0 Dislike 0 Hi hikerdoll, Welcome to Mortgage fit, Legally you can ask them that you are willing to pay the PMI.But you need to first calculate whether it is economical to go for the PMI or not.If it is not economical then you must stick with your current plan.... Apart from this I wish to suggest you one more thing..When did you lastly refinanced your loan? If you can get refinance from another lender with reasonable rates it is always advisable to opt for that.Instead of wasting our valuable time and money with fighting them,it is better to change the lender itself. Feel free to ask any further query if you have... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris
Guest	Posted: Mon Apr 18, 2011 6:56 am    Post subject: Like 0 Dislike 0 Thank you for your suggestion, it was very helpful.

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