Escrow

First Time Homeowners: How To Handle An Escrow Shortage

First Time Homeowners: How To Handle An Escrow Shortage

Last week, I talked about the reasons why you may have an escrow shortage today. I will discuss some of payment options you have if you do have an escrow shortage.

 Hopefully you will never receive an escrow shortage letter ever in your life, but if you do, hopefully you have the funds to pay the shortage in full or the difference in your total mortgage payment is not significant enough to throw off your budget.