Is it better to pay your escrow shortage in full?

This increase in escrow payments is often attributed to the fact that shortages are typically caused by an escalation in the amount owed for taxes and/or homeowners insurance. As these expenses fluctuate, so do the escrow payments required to cover them.

To manage this effectively, it's advisable to regularly review your escrow account and make adjustments as needed. This ensures that you're not overpaying or underpaying, and that your escrow account remains balanced.

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It is crucial to address any financial shortfall within the next 12 months to avoid further complications. However, it's important to note that even after fully paying off the shortage, monthly escrow payments might still increase.