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Who had issues with taxes IF you rolled tax payment into mortgage payment?
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: Who had issues with taxes IF you rolled tax payment into mortgage payment?
No problems here. We pay one bill for insurance, taxes and mortgage.
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Posted 11/30/07 8:20 AM  |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: Who had issues with taxes IF you rolled tax payment into mortgage payment?
Posted by KellyFG
Honestly, I would not agree to putting taxes in the mortgage again.
In this market, not many people will even have that option, especially first time homebuyers.
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| Posted 11/30/07 8:30 AM |
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pnm1654
Mommy to 2 boys!
Member since 5/05 4565 total posts
Name:
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Re: Who had issues with taxes IF you rolled tax payment into mortgage payment?
Posted by VickiC
Posted by pnm1654
If you want to pay the taxes yourself, you need to ask the lender if they will allow it. We went directly with a bank and they do not allow borrowers to pay their own taxes. We were annoyed but sucked it up b/c we are getting a good rate.
Ditto this. Our bank also wouldn't allow us to separate our taxes from our mortgage. We only put 10% down so that had something to do with it our bank told us.
We pay insurance on our own though.
We're putting down over 50% and we are not first time home buyers. You really need to ask BEFORE you start applying if you really don't want to escrow for taxes. But even then you may find most banks now do not allow you to pay your own taxes.
Good Luck.
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| Posted 11/30/07 9:07 AM |
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ChilisWife
God Bless America
Member since 5/05 3572 total posts
Name:
A.K.
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Re: Who had issues with taxes IF you rolled tax payment into mortgage payment?
Posted by MrsFlatbread
Posted by june262004
Posted by
Yes. Insurnace, taxes and mortgage all one payment
Us too. No problem. we have Chase.
Same here - Chase - all in one - never a problem.
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| Posted 11/30/07 9:16 AM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: Who had issues with taxes IF you rolled tax payment into mortgage payment?
Posted by pnm1654
Posted by VickiC
Posted by pnm1654
If you want to pay the taxes yourself, you need to ask the lender if they will allow it. We went directly with a bank and they do not allow borrowers to pay their own taxes. We were annoyed but sucked it up b/c we are getting a good rate.
Ditto this. Our bank also wouldn't allow us to separate our taxes from our mortgage. We only put 10% down so that had something to do with it our bank told us.
We pay insurance on our own though.
We're putting down over 50% and we are not first time home buyers. You really need to ask BEFORE you start applying if you really don't want to escrow for taxes. But even then you may find most banks now do not allow you to pay your own taxes.
Good Luck.
You'll also find that banks will "yes" you to death until you DO lock in and then tell you they don't want to let you opt out of escrow. Get it in writing when you lock!!! This is what we did, and thank goodness we did -- b/c they tried to tell us we couldn't. B/c we had it in writing, they had to let us opt out of escrow.
Regardless, many lenders won't offer the option right now in this market. It's too risky.
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| Posted 11/30/07 9:20 AM |
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Kelly9904
Mommy to 2 amazing little boys
Member since 5/05 9306 total posts
Name:
Kelly
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Re: Who had issues with taxes IF you rolled tax payment into mortgage payment?
We have never had an issue.
Message edited 1/30/2009 10:03:01 PM.
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| Posted 11/30/07 9:33 AM |
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| Pages: 1 [2] |
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