waiver

Refinance guide escrow waiver on refinance should you keep it
Basics

Refinance guide escrow waiver on refinance should you keep it

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
Basics

Refinance guide appraisal tips for refinancing and waivers

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 […]