Thursday, February 23, 2017

This never happens ...

Received our Escrow Review Statement on our mortgage. I always groan when it shows up in the mailbox because it ALWAYS shows we owe, usually a couple hundred dollars or more, and our monthly payment goes up.

For the first time ever, we had an overage. Attached was a check for $28.81. OK, so that's not a lot, but it sure beats having to give them more money! More exciting, is that our monthly payment dropped by $25. Since we are used to the payment, I will just keep paying what we have been and the extra $25 will go toward the principal.

None of this is earth shattering in the grand scheme, but it is so much nicer to find out someone owed us for a change. And given the week I've had battling health insurance, I'll take it.

Sarah
 

10 comments:

  1. Awesome!! Knocking bits off the principle will save you oodles in interest!!

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  2. We were fortunate to also receive a check from our excess escrow and see our payment go down. There is a first time for everything! Since we still have a lot of debt to tackle, we are adding it to our snowball.

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    1. There must be something in the air this year! Congrats on your windfall :)

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  3. See there are little rays of money just like sunshine. Please post more even if it is, I cut my toe nails last night, we are interested in toe nails, really we are.

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  4. That's good news! Usually things only get more expensive and rarely does anyone send me money in the mail. Every bill in the universe gets paid off in increments of $25, it just depends how big the bill is as to how many increments. Any extra at all is great.

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  5. Wow!! That is unheard of in my world, somehow I always manage to owe money to escrow. Congratulations!

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  6. That is fantastic news. And yes, the extra $25 will pay down the principle that much quicker and since you already budget that amount, stick with it.

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