Escrow Changes and New Loan Account Mgmt

My lender has advised me that due to my taxes going up, my escrow is going up to compensate starting with Feb '22's payment. 

My question: when do I adjust the Account Details on the Loan Account to make sure it doesn't throw off the numbers? Would it be after I make my January payment or should I wait for February to actually occur and adjust it at that point?

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  • Hi, there! Yes, you'll want to adjust your Loan Payment details to reflect a new escrow amount after your January payment (assuming you pay monthly). You don't need to wait until February unless you wish to. :)

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