A portion of your mortgage payments can be placed in an escrow account in order to go towards insurance, taxes, or other expenses. The next term you will hear a lot istaxes. Taxes are the amount of money that you have to pay to your state or government. When it comes to your home,...
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Escrow Set-Up “If Applicable” Includes Pre Paid Taxes & Home Owners Insurance. Are not considered closing costs, but are required on most loans if you want the lender to pay your property taxes & insurance. Do I have a right to cancel? Yes. From the time you sign the loan papers, ...
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