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Showing posts with the label escrow shortage

It's Almost Labor Day & Goals

Today is the last day of August, boy time does fly when you get older.  It seemed like it was just the beginning of the year and now we are almost in the last quarter. I feel the need to get motivated and get started on some goals. I have some goals for September: 1. Finish out my retirement contributions for the year- just $1,305 more to go 2. Read a book- any book, maybe 2 3. Exercise every week- 3 times a week 4. Review my budget, long term goals and short term goals. As for labor day, I plan to spend the weekend with family.  Nothing special, maybe some bbq, walks and naps.  Anyone else doing anything fun or exciting? As for the money front there is nothing exciting going on- had a dentist appointment earlier this week and that will cost be about $42 out of pocket after insurance and a credit I had on my account.  I should have just enough in my medical sinking fund to cover this expense once I get the bill.  I'm kind of excited to see how big I ca...

Escrow Shortage

Once again Wells Fargo has decided that I have an escrow shortage.  Not only do I have an escrow shortage, but my mortgage payment is also going up by $5 a month even if I pay the shortage.  (I already paid the $79.40 shortage).  Having a mortgage sucks.  I would really like to have enough money to pay off the entire mortgage, however, for now all I can go is pay an extra $110 a month on the principal. I have a 87.7% loan to value ratio.  My PMI is scheduled to drop off on 9/1/20.  I hoping to get under 80% by sometime next year.