You may visit hud.gov.
As I review the content, it is normal.
What you need to check is what you paid to escrow account is saved in escrow account. whne next time tax due, the lender pay it, when next time insurance due, the lender pay it.
You do not need to pay the short one time, it gives you 12 month. so just pay extra $36.49 every month.
escrow payment is adjusted every year as tax and insurance change. The normal payment is (tax+insurance) /12. if there is over flow (real payment is less than expected) you get refund and payment adjusted less. if payment is more, you need to pay more. usually check every year to see it balance.
It is a no fee no interest account. So the payment is the same as tax , ins payment.
As I review the content, it is normal.
What you need to check is what you paid to escrow account is saved in escrow account. whne next time tax due, the lender pay it, when next time insurance due, the lender pay it.
You do not need to pay the short one time, it gives you 12 month. so just pay extra $36.49 every month.
escrow payment is adjusted every year as tax and insurance change. The normal payment is (tax+insurance) /12. if there is over flow (real payment is less than expected) you get refund and payment adjusted less. if payment is more, you need to pay more. usually check every year to see it balance.
It is a no fee no interest account. So the payment is the same as tax , ins payment.