Archive For November 1, 2016

Escrowing Your Property Taxes in your Monthly Payment

Escrowing Your Property Taxes in your Monthly Payment

When you purchase a home with a mortgage, your monthly payment will likely include your loan’s principal and interest, as well as property taxes, homeowners’ insurance, and private mortgage insurance (if applicable).  If you’ve owned a home before, this information probably sounds familiar.  If you’re a first time buyer, however, this can be a little counterintuitive…

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