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