Crosspost from Business & Investing board:
I'm below 80% LTV on my home so I'm thinking about requesting removing the Escrow account and letting me do my own taxes and insurance.
The plan is to modify my direct deposit such that my estimated T&I gets deposited into a separate online savings account so that I never see the money.
Anyone else do this? Is there a better place to park that money than a standard online savings acct?
TIA,
Jake
I'm below 80% LTV on my home so I'm thinking about requesting removing the Escrow account and letting me do my own taxes and insurance.
The plan is to modify my direct deposit such that my estimated T&I gets deposited into a separate online savings account so that I never see the money.
Anyone else do this? Is there a better place to park that money than a standard online savings acct?
TIA,
Jake