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Taxes and Insurance in Mortgage Payments - The Bills.com Blog
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Taxes and Insurance in Mortgage Payments
Thursday, Apr 12, 2007
Question: What are the advantages and disadvantages of including yearly taxes and insurance premiums in a mortgage loan?
Answer: Many consumers like to include mortgage and insurance payments in their monthly payment (and many mortgage lenders require it!) because it smooths out the payments, instead of having a shock at year end when one large payment is due.I hope that his helps you make the right decision for your particular situation, but be sure to shop around and find a loan that meets
your needs. Check out our
mortgage section for more
mortgage section for more
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