tag:blogger.com,1999:blog-6787157690355329112.post5093937073993814610..comments2024-03-13T08:03:38.906-07:00Comments on Frugal Freedom: That Escrow Time Of YearUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6787157690355329112.post-48071184055241955672010-07-16T20:15:00.219-07:002010-07-16T20:15:00.219-07:00Anonymous, good idea but my county only gives me 2...Anonymous, good idea but my county only gives me 2 choices, pay the regular amount by November 1 or pay the amount plus penalty after December.Daizyhttps://www.blogger.com/profile/08075279944974601962noreply@blogger.comtag:blogger.com,1999:blog-6787157690355329112.post-77066749292552233812010-07-16T08:26:42.835-07:002010-07-16T08:26:42.835-07:00I don't know if all taxing authorities do this...I don't know if all taxing authorities do this but my county will give you a discount if you pay your taxes earlier (you have 6 months from the time you receive your bill but you get about a 1.5% break for each month you pay early) ... it might not be a lot of money but if your county does this as well you might be able to save a few tens of bucks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6787157690355329112.post-67624051740197660862010-07-15T20:12:29.190-07:002010-07-15T20:12:29.190-07:00Ah! Good idea Executioner. Why should I pay the ...Ah! Good idea Executioner. Why should I pay the shortfall when I can just raid the whole account? I'll have to take a closer look and figure out the balance, tax due date, etc....Daizyhttps://www.blogger.com/profile/08075279944974601962noreply@blogger.comtag:blogger.com,1999:blog-6787157690355329112.post-81920622455405217472010-07-15T18:30:25.329-07:002010-07-15T18:30:25.329-07:00Contact your lender and tell them that you will as...Contact your lender and tell them that you will assume the responsibility of paying your property taxes, and ask them to send you the balance from your escrow account.<br /><br />Once your mortgage is paid off, you'll have to assume responsibility for paying your own taxes anyway. Might as well be now.<br /><br />Plus, you can get that escrow balance in your own hands, and possibly use it to make a dent in the mortgage sooner than later.<br /><br />Escrow is meant for lazy, clueless, or irresponsible borrowers. You don't seem to fall into any of those categories.The Executionerhttps://www.blogger.com/profile/04419763605714282331noreply@blogger.com