dealing with mortgage escrow

#3 08-02-2008, 10:53 PM

Or just a cash account.

"CK" <CK[at]discussions.microsoft.com> wrote in message
news:518A890D-193B-4E2F-8359-2BE17D0A6021[at]microsoft.com...
- quote -

> Thanks, Dick. I assume you just set it up as a regular bank account. I
> don't
> have a choice for Escrow. Thanks again!

#2 08-02-2008, 03:13 PM

In microsoft.public.money, CK wrote:

- quote -

> Thanks, Dick. I assume you just set it up as a regular bank account. I don't
> have a choice for Escrow. Thanks again!

See http://umpmfaq.info/faqdb.php?cat=23 for the FAQ Dick prepared
on these topics.

- quote -

> "Dick Watson" wrote:
> > I prefer the former, but there is no one right answer. The dedicated escrow
> > account more accurately reflects the timing and money flow.
> > > "CK" <CK[at]discussions.microsoft.com> wrote in message
> > news:82AC604F-434A-4652-916B-455FF47F0E34[at]microsoft.com...
> > > Is it better to setup an Escrow account, and do all the transactions from
> > > that account (Insurance, Taxes, etc). Or can I just use my mortgage
> > > transaction each month out of my checking to my Mortgage to categorize
> > > where
> > > the money goes?
> > >

#1 08-02-2008, 11:09 AM

Thanks, Dick. I assume you just set it up as a regular bank account. I don't
have a choice for Escrow. Thanks again!

"Dick Watson" wrote:

- quote -

> I prefer the former, but there is no one right answer. The dedicated escrow
> account more accurately reflects the timing and money flow.
> "CK" <CK[at]discussions.microsoft.com> wrote in message
> news:82AC604F-434A-4652-916B-455FF47F0E34[at]microsoft.com...
> > Is it better to setup an Escrow account, and do all the transactions from
> > that account (Insurance, Taxes, etc). Or can I just use my mortgage
> > transaction each month out of my checking to my Mortgage to categorize
> > where
> > the money goes?

08-01-2008, 07:09 PM

I prefer the former, but there is no one right answer. The dedicated escrow
account more accurately reflects the timing and money flow.

"CK" <CK[at]discussions.microsoft.com> wrote in message
news:82AC604F-434A-4652-916B-455FF47F0E34[at]microsoft.com...
- quote -

> Is it better to setup an Escrow account, and do all the transactions from
> that account (Insurance, Taxes, etc). Or can I just use my mortgage
> transaction each month out of my checking to my Mortgage to categorize
> where
> the money goes?

#-1 08-01-2008, 02:01 PM

Is it better to setup an Escrow account, and do all the transactions from
that account (Insurance, Taxes, etc). Or can I just use my mortgage
transaction each month out of my checking to my Mortgage to categorize where
the money goes?
Thanks in advance.

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