Taxes and Insurance in Mortgage Payments

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?

IN THIS ARTICLE:
  • Find out why many people include 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.

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

Best,

Bill

Bills.com