No, you cannot transfer money out of your escrow account as lenders do not allow homeowners to access escrow funds as they are specifically reserved for timely payments. If you were to fail to pay your monthly escrow balance, you could risk receiving a tax lien on your home or forfeiting any insurance you may have. To prevent this risk, lenders create an escrow balance to ensure that these services are paid as long as you keep up on your mortgage payments. There are however instances where the lender has overestimated the amount needed to be escrowed each month to cover the annual escrow payments. In these cases, the lender will either offer you a refund of the excess escrow amount, or roll it over into the next year to be applied to future escrow payments.