Who is responsible for paying my property taxes and homeowner's insurance?

You, as the borrower, have the responsibility to pay your property taxes, insurance or other assessments on your property if you do not have an escrow account. If you do have an escrow account, then you are responsible for making timely monthly payments to the escrow account (which is included with your monthly mortgage payment), the Lender will then make sure your property tax and insurance payments are made when they are due.

Contact a Loan Officer for further information.

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