When will you pay my property taxes? If your loan is escrowed, we’ll pay the taxes around 10 business days prior to the date penalty and interest amounts will begin to accrue. We’ll let you know when that happens.

When your 1098/1099 is available, form differences, and scenarios for year-end tax statements

The delinquency date is the last date that taxes can be paid before there is a penalty added. If, on the off chance, we miss the delinquency deadline, we’ll cover the difference and reimburse the penalty amount into your escrow account.

On your monthly statement, you’ll see what you owe and how much is going to principal, interest, escrow (taxes & insurance), and anything else. Other key information on your monthly statement includes year-to-date amounts and your current interest rate.

No matter what state your property is in, you may be eligible for a tax exemption based on state law and the taxing authority’s guidelines. IMPORTANT: You must apply for and obtain documented approval directly from the taxing authority.

Learn how to access your year-end tax statement online or by mail, and what information it includes for tax season. Fin... Fin... On your monthly statement, you’ll see what you owe and how much is going to principal, interest, escrow ( taxes & insurance), and anything else.

Property tax and insurance rates change, so sometimes we need to adjust your monthly escrow amount to ensure it can cover these payments. This is one of the most common reasons why a homeowner’s payment may change.

Here are the key elements included in your monthly statement, along with a visual guide to help you locate them: 1. Statement Information. This is your basic information, like the date your statement was generated, loan number, amount due, and payment due date. 2. Explanation of Amou...

On your monthly statement, you’ll see what you owe and how much is going to principal, interest, escrow (taxes & insurance), and anything else. Other key information on your monthly statement includes year-to-date amounts and your current interest rate.

New Construction Property Taxes If you purchased a new construction home, you may find that your first couple of property tax bills are lower than what was estimated at closing, depending on your taxing authority’s billing schedule.