05-04-2016, 04:00 AM
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Join Date: Oct 2015
Posts: 440
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How do you pay taxes on a house?
In this account, the lender or mortgage servicer keeps enough money to cover your property taxes and homeowners insurance. You pay into this account each month as part of your mortgage payment. When your taxes are due, the lender/servicer pays them for you. The same is true for your insurance.
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