If I start paying my property taxes directly to the ... - Finance information

Question by woroguda : If I start paying my property taxes directly to the town can shut the bank escrow my taxes ?
I want to get from under the burden of the higher burden of my monthly escrowed taxes. It would be easier for me to pay in a lump sum once a year. I assume the bank can not charge double for what I?ve already paid and I can force them to remove it. Am I right? Thanks in advance. Best answer:
Answer by falsi fiable

Your mortgage company gave you a 1/4% rate discount for escrowing taxes and insurance.If you are willing to pay 1/4% higher rate you are welcome to handle the payments yourself. Of course, this will require refinancing and qualifying for a new loan at prevailing market rates.

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Source: http://www.lovefinanceinfo.com/2012/03/if-i-start-paying-my-property-taxes-directly-to-the-town-can-shut-the-bank-escrow-my-taxes/?utm_source=rss&utm_medium=rss&utm_campaign=if-i-start-paying-my-property-taxes-directly-to-the-town-can-shut-the-bank-escrow-my-taxes

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