ANSWERS: 1
  • your lender collects your property taxes at the rate of approximately 1/12 each month (added to your house payment) and then pays the property taxes for you when they are due. it's a good 'savings account' for those who never seem to find the money when they need it. And the lender has to pay you interest on the money they are 'holding' for you,just like a real savings account.

Copyright 2018, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy