So I just got my annual escrow review for 2020 and it says I’m getting a check back of about $1300 Now I know why that is, as I switched my house insurance midway through the yr and saved about that much. But since the reviews are only once a yr, my payments into my escrow stayed the same as if I was still paying the higher insurance. Anyway, what would you think would be wise for this money. Every yr I am ALWAYS short on my escrow it seems as my house insurance and property taxes increase. Should I just turn around and put the money back into my escrow or just a portion of it? I do have debt besides my house I would love to put this towards. The dilemma I have is I just get tired of scrambling after the holidays for the shortage on my escrow so my house payment won’t drastically increase. One yr I had to come up with a full house payment because my escrow was that short.
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