Financing insurance/prop taxes with mortgage

[Dee]

We are new homebuyers and are not sure if this is the way to go? If your insurance is financed with your mortgage, does the mortgage co. give it to the insurance co. or what?? Is this a smart way to go or not? We are in the process of getting paperwork drawn up, but are wondering, is this the way to go, having your insurance and prop tax figured in with your mortgage?

[Randy Eaton]

Hello Dee,

I like have the insurance and property tax included. It just makes it easier and you're not always scrambling to come up with the property tax every 6 months. Not a bad way to go.

Randy Eaton