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Was cleaning up my home office today and discovered two envelopes from my mortgage company. I thought it was strange because we always pay our mortgage on time. Fearing the worst I opened them both up... Our homeowners insurance and property taxes are all rolled up into our mortgage, and it seems we have been running at a surplus... So they refunded us $2900.

So we went shopping.

What did you buy me ? :1orglaugh

Thanks Trump :thumbsup

That is a true easter miracle . . .

True MAGA story.

LOL. No.

My mortgage includes our property taxes and homeowners insurance. We bought the house in 2006 for $580k, and it was expected the value of our house would go up. The costs for our property taxes and homeowners were factored into our mortgage. Instead, the value of our house went down - a lot. Thus our property taxes and our homeowners insurance cost less than expected. Thus some of this money got refunded to me.

We had the same arrangement with our mortgage - the bank rolled the property taxes and insurance in with our monthly mortgage payments. Easy peasy...kept us from dealing with it. They were quite accurate, though...and when we finished paying off the mortgage there was no surplus accumulated. But that was fine.

Sucks that your home values dropped so much. Ours has literally quadrupled in the 20yrs we've owned the house - and now that we're mortgage-free...we're on the verge of putting it on the market soon when we retire. We're fortunate - all the wealthy baby boomers from Toronto are looking to retire to our Niagara area...driving up local properties values like crazy (which is good for us).

lucky guy :P