Thursday, April 1, 2010

A funny thing happened

A few days ago I got a letter from my mortgage company that my escrow payment had gone down by $6.00 and now my new monthly payment was going to be $1298.

If anyone has the reason why it did this please let me know!! I am assuming it has something to do with PMI insurance going down, but that is just a guess.

I was so excited about a decrease of $6.00 that I didn't look at the rest of the letter.

Come to find out a surplus check for $382.02 was attached to letter.

I only found that out after I was about rip the letter up and throw it in the garbage. Thankfully I didn't and now the emergency fund gets a nice little bump in it.

until next time, think prosperous thoughts



Anonymous said...

It's either because your taxes or insurance went down. Last year our house value dropped 5%, which lowered the county taxes and resulted in a lower escrow payment. Not so much that we were refunded money like you, but a lower payment is still good.

仁南 said...