Annual Escrow Statement

We received an exciting item in the mail yesterday. Our annual escrow statement indicated our account had an overage. Included with the escrow statement was a check for $1,465.46! Talk about an unexpected and nice surprise!

Even better, to avoid incurring a overage going forward, the mortgage company is reducing our house payment by $97.56 per month starting in May. Now that's a huge amount to add to our snowflake account.

Encouraged by this sudden reduction on our house payment we have challenged ourselves to reduce our homeowners insurance costs by at least 10%, and to give serious thought to refinancing our home.