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Updated over 8 years ago on . Most recent reply

User Stats

8
Posts
4
Votes
Brian Acosta
  • Information Security Specialist
  • Hackensack, NJ
4
Votes |
8
Posts

Waive Tax/Insurance Escrow to Lower DTI?

Brian Acosta
  • Information Security Specialist
  • Hackensack, NJ
Posted

Looking at how to improve my DTI for next purchase and noticed that the mortgage payment on my credit report includes full escrow (taxes/insurance) which is significant at $1,200. Since its on my credit report it will be used for DTI calculations.

If I manage to get my mortgage company to waive escrow, and the payment reported to credit bureau decreases, will other banks ask me to provide them proof of the tax/insurance payment amount when calculating DTI ratios?

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