Review your escrow analysis statement every year
Check that property taxes and homeowners insurance are billed correctly
Update your lender immediately if your tax or insurance bills change
Make sure your insurance premium is paid on time and in full
Set up automatic payments for taxes and insurance if possible
Keep a buffer in your escrow account by making extra monthly payments
Verify that exemptions, discounts, or homestead benefits are applied
Appeal incorrect property tax assessments promptly
Compare your escrow payment to expected tax and insurance costs each year
Ask your lender to recalculate escrow if your account is projected to fall short
Avoid changes to insurance coverage that increase premiums unexpectedly
Monitor escrow disbursements for errors
Keep copies of tax and insurance bills for reference
Contact your lender as soon as you notice a shortage warning