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Canceling escrow

Comment a comment by Brandon U. Hansen (Brandon), published on 24 May 2007
Navigate to the top level to view all replies to the article Cancel Private Mortgage Insurance Early to Save Money
other nerds have left 2 comments below

I called Wells Fargo to cancel my escrow for taxes and insurance today and it turns out it’s not allow until an 80% LTV, either.

I’m beginning to think I should throw a party when I hit that mark next week…

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RE: Canceling escrow by Brandon :: NR9

I received the official notification of the requirements to cancel escrow from Wells Fargo Home Mortgage today:

  • No 30-day late payments in last 12 months; loan is paid current with no past due payments owed
  • Escrow balance not negative
  • No Lender Placed Insurance on loan
  • 80% LTV (90% in California)
    Anyone know what "Lender Placed Insurance" is?
Posted 05 June 2007, Hide, Parent, Reply

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