买房Escrow account的问题

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newleaf2020
楼主 (文学城)
最近换了自住房,首付不够所以贷款的时候银行就给加了一个escrow,以前一直没有用过。

当时closing的时候预付了相当于未来13个月的home insurance和property tax到escrow里。第一个账单来了,不明白为啥还要继续按月付escrow。我以为这个escrow账户现金足够就可以先不用付。实在是搞不明白。

各位可以帮忙解惑一下吗?
柠檬椰子汁
escrow要保持12个月的的结余

closing的时候,你付12个月的prepaid escrow+1个月的当月的escrow=13个月。

现在过了一个月,你要付下个月的escrow。那12个月的prepaid escrow不能花,需要一直保持下去12个月的结余。

这是我的估计,你也不细说为什么你要保持12个月的escrow,也不说现在账单上要多少钱。

n
newleaf2020
谢谢解答。说实话,其实一头雾水的。lender要我closing交一年的escrow我就交了

刚收到第一个月的账单,escrow是大概$1600,其余的就是principal和interest。

我看到了蛮惊讶,以为escrow里应该有足够的钱,怎么还收

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newleaf2020
Escrow有没有法律规定最高额度收多少呢?
柠檬椰子汁
我不知道你的贷款是不是conventional loan

"If your loan is a federally related mortgage loan under RESPA, then there are limits on how much a lender can make you pay, both at closing and in your recurring mortgage payments."

https://www.consumerfinance.gov/ask-cfpb/is-there-a-limit-on-how-much-my-mortgage-lender-can-make-me-pay-each-month-for-insurance-and-taxes-the-escrow-en-200/#:~:text=They%20can%20require%20you%20to,to%20serve%20as%20a%20cushion.

 

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newleaf2020
是的,30年conventional。我刚才也在看这篇文章
柠檬椰子汁
You have a jumbo loan?

If you have a loan that’s considered “higher-priced” under the Truth in Lending Act then you might be required to pay into an escrow account for at least the first five years of the loan.

If you click on "higher-priced" link it will show jumbo loan is a kind of "higher-priced" that allow up to five years of escrow. 

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newleaf2020
还真不是jumbo

贷了50多万

柠檬椰子汁
你个大学毕业的自己看

你自己说首付不够(不够20%?)那么可能银行给了你一个高利率的mortgage

https://www.consumerfinance.gov/ask-cfpb/what-is-a-higher-priced-mortgage-loan-en-1797/

The Average Prime Offer Rate (APOR) is an annual percentage rate that is based on average interest rates, fees, and other terms on mortgages offered to highly qualified borrowers.

Your mortgage will be considered a higher-priced mortgage loan (HPML) if the APR is a certain percentage higher than the APOR, depending on what type of loan you have:

First-lien mortgages: If your mortgage is a first-lien mortgage, the lender of this mortgage will be the first to be paid if you go into foreclosure. In general, a first-lien mortgage is “higher-priced” if the APR is 1.5 percentage points or more than the APOR.
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newleaf2020
好的,正在研究。主要是没明白escrow有没有什么法律规定要有多少reserve

连续交5年也ok,但是不是closing的时候lender要求的交太多reserve了

如果提前交半年,之后每个月月付也make sense。现在是提前交15个月,依然每个月月付,这银行得收多少cash了。

柠檬椰子汁
should have asked your loan agent
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newleaf2020
好的。谢谢解答。我确实是个法盲

正在和lender沟通。

这个文章也可能比较有用: https://www.consumerfinance.gov/rules-policy/regulations/1024/17/#30afbd46dc7ecb1e56f5f14055b5197a9c6f1e76f5f18d5d86fe3c11