Property taxes are paid either on a quarterly, semi-annual or annual basis; it varies based on the requirements of each local tax collector. Taxes are paid from escrow when bills are received from the taxing authorities and based on the due date of the tax collector.
If you have an escrow account for insurance, we will pay for the entire term in a single payment. If your policy is continuous until cancelled, we will pay the premium once a year. If you do not have an escrow account for insurance, please contact your insurance agent to determine your payment options.
Contact your Loan Officer for further information.