Refinance guide escrow waiver on refinance should you keep it

Refinance guide escrow waiver on refinance should you keep it

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Escrow waiver on a refinance — should you keep it? When you refinance your mortgage, one decision you’ll likely face is whether to keep the lender-managed escrow account for property taxes and homeowners insurance, or to “waive” it and pay those bills yourself. This article explains what an escrow waiver is, when it makes sense,…

Refinance guide appraisal tips for refinancing and waivers

Refinance guide appraisal tips for refinancing and waivers

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Appraisal Tips for Refinancing — and When a Waiver Makes Sense When refinancing a mortgage, the lender usually needs to confirm the home’s value. That often means an appraisal — a professional, on-site inspection and valuation — but lenders increasingly use appraisal waivers (sometimes called property inspection waivers or PIWs) when automated data shows sufficient…