The Pros & Cons of "Waiving Escrows"

Should I include impounds in my mortgage payment? Can I? What are impounds anyway? Oh, they are the same as “escrows”? How do you waive them? Why would I?

Ever feel this way? Yes, impounds are escrows or better said - the property taxes and homeowner’s insurance that the lender collects every month from your mortgage payment. Did you know you don’t have to have them included in your payment? You can “waive” your “escrows” and separate your mortgage payment from your homeowner responsibilities.

But should you? What are the pros? What are the cons? Take a look at this incredible, copyrighted tutorial and learn why you would, why you might not, the benefits and the drawbacks. You’ll be glad you did.

See below for mortgage credits earned with this purchase.