
Now’s the time to check your tax bill for any increases. If your taxes went up (and many did this year), your mortgage escrow account may not have enough to cover the difference … which could lead to a shortage and surprise increase in your monthly payment later.
Here’s what to do:
Review your tax bill closely
Compare it to last year’s and look for any jump in amount. If you see in increase, contact our mortgage servicer to make adjustment and avoid a future escrow shortage or payment shock.