Should I Impound my Taxes and Insurance?

Bill LewisMortgage Basics, Mortgage Strategies

impounds

Is it better to impound my property taxes and homeowners insurance into my monthly mortgage payment? Many of our clients prefer to have their taxes and insurance impounded in their monthly loan payment (the lender adds 1/12 of your property tax and homeowners insurance bills to the normal payment, sets them aside in an escrow account and then pays the … Read More