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Taxes and Insurance in Mortgage Payments

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

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

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Updated: Oct 20, 2014

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Highlights

  • Find out why many people include yearly taxes and insurance premiums in a mortgage loan.

Many consumers like to include and in their monthly payment (and many 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 area for deals.

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

Best,

Bill