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Dani00518
Gorgeous
Member since 5/05 2730 total posts
Name:
Danielle
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Taxes with your mortgage or separate???
Just curious if you chose to pay your taxes with your mortgage each month or 2x a year.....TIA
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Posted 7/19/07 7:43 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: Taxes with your mortgage or separate???
We pay our taxes w/our mortgage.
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| Posted 7/19/07 7:48 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Taxes with your mortgage or separate???
Posted by lorich
We pay our taxes w/our mortgage.
us too
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| Posted 7/19/07 8:10 PM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Re: Taxes with your mortgage or separate???
We also pay with our mortgage, but I kind of wish that we had chosen no escrow so we could just pay e/t ourselves.
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| Posted 7/19/07 8:11 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Taxes with your mortgage or separate???
We pay 2x year. I was tired of the mortgage company holding our money in escrow. Now I make the interest, not them.
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| Posted 7/19/07 8:22 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: Taxes with your mortgage or separate???
Posted by SweetTooth
Posted by lorich
We pay our taxes w/our mortgage.
us too
us three
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| Posted 7/19/07 8:23 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: Taxes with your mortgage or separate???
2x a year
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| Posted 7/19/07 8:23 PM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: Taxes with your mortgage or separate???
If and when we ever close on the house we are paying them ourselves (2x a year).
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| Posted 7/19/07 8:26 PM |
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beachgirl13
Mommy to 3 boys!
Member since 5/05 4114 total posts
Name:
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Re: Taxes with your mortgage or separate???
with mortgage
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| Posted 7/19/07 8:41 PM |
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Jfrank1105
LIF Zygote
Member since 1/07 32 total posts
Name:
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Re: Taxes with your mortgage or separate???
2x a year...
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| Posted 7/19/07 9:28 PM |
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KPsquared
Member since 5/05 4663 total posts
Name:
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Re: Taxes with your mortgage or separate???
With the mortgage. Much easier for me to budget that way.
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| Posted 7/19/07 9:32 PM |
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CAT215
The Merlster
Member since 10/06 2540 total posts
Name:
Cathie
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Re: Taxes with your mortgage or separate???
With mortgage
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| Posted 7/19/07 10:10 PM |
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MrsPowers
So blessed!
Member since 11/06 10348 total posts
Name:
Ivelysse
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Re: Taxes with your mortgage or separate???
We pay our taxes with our mortgage.
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| Posted 7/20/07 9:10 AM |
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LIMOMx2
...
Member since 5/05 24989 total posts
Name:
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Re: Taxes with your mortgage or separate???
with mortgage and so is our homeowners.
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| Posted 7/20/07 9:13 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: Taxes with your mortgage or separate???
This is a big debate for us - as we are looking for a house now. I think we will opt for 2x a year. We're good with money and would prefer to earn that interest, rather than have all that money sit in escrow for the mortgage company.
Has anyone had any problems paying their taxes? I have some irrational fear that my taxes won't be properly allocated or something if we pay them ourselves. (Not sure why! I think someone put that in my head)
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| Posted 7/20/07 9:16 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Taxes with your mortgage or separate???
Posted by Kara
This is a big debate for us - as we are looking for a house now. I think we will opt for 2x a year. We're good with money and would prefer to earn that interest, rather than have all that money sit in escrow for the mortgage company.
Has anyone had any problems paying their taxes? I have some irrational fear that my taxes won't be properly allocated or something if we pay them ourselves. (Not sure why! I think someone put that in my head)
We just started doing this last year but we have had no problem and I actually like doing it this way. I also do not want the mortgage company making interest off my money, I will do that, thank you AND at 5%!!
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| Posted 7/20/07 9:21 AM |
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skew
LIF Adult
Member since 5/05 6794 total posts
Name:
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Re: Taxes with your mortgage or separate???
separate from mortgage
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| Posted 7/20/07 9:45 AM |
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seank80
Don't Taze My Dog Bro!!
Member since 5/07 2240 total posts
Name:
Sean
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Re: Taxes with your mortgage or separate???
We do our homeowners and taxes with the mortgage. If I had to do it all over again I would probably do it seperately. We had to escrow almost 10 months in taxes. Also for our taxes they are before star which is about another 1000 a year. If you're good with managing money I would just throw the monthly amount needed into a seperate account that you don't touch. Just my opinion.
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| Posted 7/20/07 10:16 AM |
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LIPrincess
Foxy Lady
Member since 6/05 1610 total posts
Name:
Jaimie
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Re: Taxes with your mortgage or separate???
With mtge.
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| Posted 7/20/07 10:17 AM |
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MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
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Re: Taxes with your mortgage or separate???
Posted by hazeleyes33
We pay 2x year. I was tired of the mortgage company holding our money in escrow. Now I make the interest, not them.
Not that it matters, but the bank holds the money in a non-interest bearing account.
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| Posted 7/20/07 10:23 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: Taxes with your mortgage or separate???
Posted by MikesWife
Posted by hazeleyes33
We pay 2x year. I was tired of the mortgage company holding our money in escrow. Now I make the interest, not them.
Not that it matters, but the bank holds the money in a non-interest bearing account.
That hurts (even though I'd never see the interest!). I like my to work making more money. I don't have a single non-interest bearing account. Even my checking account earns interest.
That does make sense, though!
Message edited 7/20/2007 10:29:51 AM.
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| Posted 7/20/07 10:29 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: Taxes with your mortgage or separate???
Posted by hazeleyes33
Posted by Kara
This is a big debate for us - as we are looking for a house now. I think we will opt for 2x a year. We're good with money and would prefer to earn that interest, rather than have all that money sit in escrow for the mortgage company.
Has anyone had any problems paying their taxes? I have some irrational fear that my taxes won't be properly allocated or something if we pay them ourselves. (Not sure why! I think someone put that in my head)
We just started doing this last year but we have had no problem and I actually like doing it this way. I also do not want the mortgage company making interest off my money, I will do that, thank you AND at 5%!!
Thanks! This is what I'm thinking.
I also assume this will lower our closing costs a bit?
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| Posted 7/20/07 10:30 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: Taxes with your mortgage or separate???
we do it with our mortgage. Its easier for us!
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| Posted 7/20/07 11:58 AM |
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julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: Taxes with your mortgage or separate???
We pay our taxes seperately. There have been no problems and we make $ on the interest.
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| Posted 7/20/07 12:38 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Taxes with your mortgage or separate???
Posted by MikesWife
Posted by hazeleyes33
We pay 2x year. I was tired of the mortgage company holding our money in escrow. Now I make the interest, not them.
Not that it matters, but the bank holds the money in a non-interest bearing account.
But every January they would need more money for the taxes and want more money either upfront or an increase in our mortgage to leave the money in escrow.
I decided to pay them by myself. If the taxes go up, fine then I will pay them but I like the fact that I am holding them money, not them.
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| Posted 7/20/07 1:48 PM |
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