Every mortgage company I've ever had has allowed me to pay off the escrow shortage interest-free by increasing the payment each month over 12 months. Does yours not do this? Because it's definitely better to pay it off interest free than to take out a loan to do so.
theram4 t1_ja94p6t wrote
Reply to Escrow shortage advice by AlexoftheValar
Every mortgage company I've ever had has allowed me to pay off the escrow shortage interest-free by increasing the payment each month over 12 months. Does yours not do this? Because it's definitely better to pay it off interest free than to take out a loan to do so.