You may not be able to prevent a shortage, but you can minimize the impact by staying informed about your escrow account. You can sign in to your I-banking and see what payments were made in your loan history and compare it to what we projected in your Annual Escrow Analysis. You should also be receiving statements annually from the county regarding taxes and from your homeowner’s insurance.
If it’s higher than projected, you can make an additional escrow payment to help lower or prevent a shortage, but the analysis will continue to be run annually in October.