tax question

[arylkin]

I'm hoping this isn't too off topic, but I'm always impressed with this group's knowledge

Comments

[grumpins]

Once a year I get an escrow statement from my mortgage company. They tell me if my mortgage will be going up or down depending on escrow amounts. When my taxes go up, they give me the option to pay more each month or I can make a lump sum payment if I want my monthly payment to stay the same.

Get with the city, too!

[disgruntledgrrl]

As far as I know - escrow covers the taxes for year but I do not think it handles back taxes which is what this sucker sounds like. You'll need more information on what these taxes are for and from before you contact the bank.

[redfield79]

This. That tricky little hidden secret

Re: Get with the city, too!

[m0rbidm00n]

this!

[kaceyjane]

they tend to give you an option of if you'd like to pay it all at once, in three payments or have your mortgage go up until it's paid off.

[jodys_wife]

They will most likely raise your payment til it's paid.

[2letterwords]

We just got our yearly re-assessment and we had the option to pay it off by making larger monthly payments or in one lump sum.