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Annual Impound Review

April 15th, 2011 at 04:22 am

Today I received my annual impound account review statement. I was pleased to see it drop a few dollars, which I had expected. My PITI payment is going from 1276.94 to 1273.49.

What I hadn't expected was a refund check for 79.94. Are you thinking what I'm thinking? What a great mortgage chip!

I will have to wait and see what my bonus is before I can say for certain that yes, it is a mortgage chip.

3 Responses to “Annual Impound Review”

  1. ceejay74 Says:
    1302881992

    That's great to get unexpected money! what's an impound account, though?

  2. Petunia 100 Says:
    1303350995

    Ceejay, it is also called an escrow account.

  3. ceejay74 Says:
    1303402695

    Ahh, I'd never heard them called that. You learn something new every day!

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