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what does a suspense fund do

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Guest	Posted: Sat Mar 05, 2011 2:08 pm    Post subject: what does a suspense fund do Like 0 Dislike 0 i owe 3 months in mortgage.about$ 2800.my wife paid $900 and went towards suspense fund now if i want to pay off 3 months should i minus the 900 dollars and will count toward the 3 months
adonis Joined: 22 Oct 2005 Posts: 10571 Location: ALASKA 1090.37 Dollars($)	Posted: Sun Mar 06, 2011 7:13 pm    Post subject: Like 0 Dislike 0 Hi Guest, The suspense fund must be your escrow fund. You may minus the amount paid toward the suspense fund and pay off the rest of the amount to the lender. Nevertheless, you can have a word with your lender and he will better guide you in this matter. _________________ Procrastination is the enemy of your financial success

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