Opened some mail from the PHFA expecting it to be my next mortgage payment bill, and instead found a check for $64.27. They had to adjust my escrow balance and they found that much of a surplus in the account. I guess they're not allowed to keep it. Also, they adjusted my payments down $2 to make sure we don't have this problem again next year.
Since I generally add a few dollars to the payment, directed at paying a little extra on the principal, those two dollars don't mean anything to my budget. Instead of applying $27 to the principal I'll be paying $29. Still, if it helps get me to the magic 20% mark (after which time I don't need to pay private mortgage insurance any more) that much faster, twenty-four more dollars a year is great!
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