---

Do you have to escrow if borrowing more than 80% value in Te

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
lesanita Joined: 12 Jan 2009 Posts: 1 1.26 Dollars($)	Posted: Mon Jan 12, 2009 12:26 pm    Post subject: Do you have to escrow if borrowing more than 80% value in Te Like 0 Dislike 0 Do you have to escrow if borrowing more than 80% value in Texas?...Do you have to escrow if borrowing more than 80% in Texas? I'm refinancing my home. No cash out. Just lowering the rate and monthly payment.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Mon Jan 12, 2009 9:11 pm    Post subject: Like 0 Dislike 0 Hi lesanita, In my opinion, escrow account is a good option. It is established by your lender wherein you can set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance, mortgage insurance and property taxes. This will assure that money will be available for these payments. If the lender asks you to go for an escrow account, I think you should agree to it. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0