Why would my mortgage company send me a check?

Why would my mortgage company send me a check?

What Are Escrow Refund Checks? An escrow refund check will reflect the amount of excess funds in your escrow account. If you are eligible for an escrow refund check, the loan servicer will most likely issue a check after its required annual escrow account analysis. Feb 28, 2022

Can I keep insurance money?

Can you keep any auto insurance money left over? As long as you own your car outright, you can do whatever you want with the claim money you receive from your insurer. This means that you can keep any leftover money from your claim. Dec 8, 2021

Can I use insurance money to pay off mortgage?

Can I use the insurance funds from a property damage claim to pay off my mortgage? Yes, if the claim amount exceeds the amount required to pay the mortgage in full.

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