You may request a cancellation of the escrow account from the Lender if your loan is a conventional loan. The approval from the Lender to cancel the escrow account will be based on such items as the amount of equity in your property and your mortgage payment history. You may be assessed a fee to process the cancellation. If your loan is not eligible for a cancellation of your escrow account, you may need to consider refinancing.
Contact a Loan Officer for further information.