2007-03-04 15:08:26 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yes, you can avoid escrowing. You have to ask your lender what their policy is -- it varies by lender. Some may charge you a fee to waive the escrows, usually .25% of the loan amount, some may build that charge into the rate, some will not charge anything extra. It can also be dependent on how good your credit is and how much you have put down. Many lenders won't let you waive the escrow if your credit score is below 680 or if you borrowed more than 80% of the value of the home.
2007-03-04 15:36:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can pay taxes directly to your tax receiver. They usually bill you into 4 separate payments during the year. Just call your local tax receiver's office to get it set up.
2007-03-04 17:48:56 · answer #2 · answered by tianaramal 4 · 0⤊ 0⤋