My home escrow keeps rising because insurance premiums and property taxes are both going up. Some people have suggested that I pay those costs once a year instead of including them in my monthly mortgage payment. They say I could keep the money in a high-yield savings account and earn a little extra in the meantime. What do you think about that approach?
Dean
Dave Ramsey is a nine-time national bestselling author, personal finance expert, and host of The Ramsey Show. He has appeared on Good Morning America, CBS This Morning, Today, Fox News, CNN, Fox Business, and many other programs. Since 1992, Ramsey has helped people take control of their money, build wealth, and improve their lives. He also serves as CEO of Ramsey Solutions.
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