Lenders can pay real-estate taxes from accounts {escrow account}|. Lenders can pay monthly insurance fees {private mortgage insurance} (PMI), to insure loan payments, from escrow accounts. Monthly payments to lenders include these extra fees.
Practical Affairs>Legal Affairs>Property>Housing>Buying>Mortgage
7-Legal Affairs-Property-Housing-Buying-Mortgage
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Date Modified: 2022.0224