NerdWallet's Smart Money Podcast · Should You Manage Your Own Mortgage Escrow? Plus, Decoding 2026 Election Slogans
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reach out to the lender and request an escrow waiver at loan origination when having at least 20% equity
20% equity
“If you go and use a portfolio loan from a credit union or a small bank or from a private lender, there's no cap. So you can actually go out and get them to buy $20,000.”
“A vehicle equity loan is a very sweet, sugary way of saying title pawn… ridiculous interest rate… 20, somewhere between 25, 27 percent.”
“In most states, banks are not required to pay interest on escrow accounts. And so even though your lender is holding that money in a bank account, they're not earning interest on it”
“I know that if I have a post without a link, I'm going to get at least three times, if not nine times the reach compared to when I do put a link in the, in the post.”
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