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re: Escrow or annual payment of property tax/insurance
Posted on 5/30/19 at 8:06 pm to Tiger Attorney
Posted on 5/30/19 at 8:06 pm to Tiger Attorney
I pay property taxes and insurance, in one annual sum for each when they come due, separately from the monthly mortgage payment.
It makes the monthly payment substantially smaller, thus freeing up about $100+ to add to principal on the mortgage balance each month, paying off the loan much faster.
It makes the monthly payment substantially smaller, thus freeing up about $100+ to add to principal on the mortgage balance each month, paying off the loan much faster.
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