Include Taxes, Insurance in Mortgage?

A listener asks if it’s okay to have tax and insurance included in the mortgage.

QUESTION: A listener asks if it’s okay to have tax and insurance included in the mortgage.

ANSWER: Yes.  Taxes and insurance in your mortgage are called escrowing in most situations and that’s standard. 

The biggest problem you could run into is that the mortgage companies don’t manage these accounts very well.

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