Can I change my decision regarding an escrow account after I’ve locked?
You may change your decision as to whether or not you want to set up an escrow account for the payment of your taxes and insurance. Establishing an escrow account improves your points/rebate by .25%. Your points/rebate may be adjusted by .25% just as if you had made that decision at the time of your lock. Please confirm with your designated loan officer if the removal or addition of the escrow account will change your points/rates.