Taxes and Insurance in Mortgage Payments

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

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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.



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