SHOP PRODUCTS
Houzz Logo Print
sadiesmom_gw

Can't I just pay my taxes myself?

sadiesmom
15 years ago

Hi All,

I have two mortgages through Countrywide (one for my primary residence and one for our rental home). Neither of them are subprime-type mortgages, we have at least 25% equity in each home, and our credit score is high 700's.

I want to do away with the escrow accounts on both mortgages and just take care of our local taxes myself. Dealing with Countrywide customer service is a nightmare and this is one step I can take to further limit my reasons for having any direct contact with them.

I know laws regarding escrow account requirements vary by state. I am in WA. Do any of you know if Countrywide will let me just manage my own money and pay taxes and insurance myself?

Theresa

Comments (9)