The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/hey-wotpeed-agree-with-dave-your-loan-officer-is-30506561.aspx

Subject:  Re: Escrow items during refi Date:  1/25/2013  3:22 PM
Author:  crackdclaw Number:  124597 of 128283

Hey WotPeed,

Agree with Dave, your Loan Officer is really poor at communicating. Or lazy. Here's some info that may help.

There's a total of about $3100 being added to the principal of the loan. $1577 of that is an item labeled "Property taxes due to county". That amount sounds like the right number for my semi-annual tax bill. Why is that being added to the principal? Shouldn't that either come out of the existing escrow account or out of my poc