Taxes and Insurance in Mortgage Payments

What are the advantages and disadvantages of including yearly taxes and insurance premiums in a mortgage loan?

Read full question
Bill's Answer: Answered by Mark Cappel

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 information or our insurance area for deals.

I hope this information helps you Find. Learn & Save.

Best,

Bill

Bills.com

Rate this article
Not helpful
Awesome

No Comments


Waiting for comments to load Loading more comments
Thanks for your feedback!

Get a Home Insurance Quote!

 

Tool Box   Easy to use resources to help you find solutions to your money questions