Is it better to add your taxes and homeowners insurance into your mortgage or pay each separately?

Asked by Kat, Staten Island, NY Thu Jul 3, 2008

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Susan Wesely, , Saint Paul, MN
Fri Jul 4, 2008
Some lenders require that you roll them together. Of course, they then get to use your money for a while. Here's my personal opinion: If you are fiscally responsible and have the choice, do it yourself. If it's hard for you to save and budget, have them do it for you. Be aware that they may adjust your total payment each year, based on changes in insurance costs and/or taxes. You can minimize that impact by monitoring and making additional payments to your escrow fund if needed.
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Dallas Texas, Agent, Dallas, TN
Thu Jul 3, 2008
It is probably best for most to roll into the total payment
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