How do specials taxes and yearly specials work on a new home loan? For example: Total speicals $13,841
yearly specials $1,258 How does that work into your payments?
Answers (1)
FIRST ANSWER
Specials are usually escrowed with the lender and paid like general taxes. So in your example of $1,258 you would include another $104.83 a month (1258/12) to your house payment. If you have any other questions, please feel free to contact me.
Monica Miller
Cell: 316-214-1920
Email: Monica@MonicaMillerHomes.com
Web Reference: http://www.MonicaMillerHomes.com
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Answered Wed Oct 15 2008, 11:19 by Monica Miller in Rose Hill
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