Does Your Mortgage Include Homeowners Insurance?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    No, you pay for that separately.  You mortgage company can allow premiums to be paid through an escrow account and included in your mortgage payment but it is not a part of the actual mortgage.  Each year you will get an escrow statement from your bank or mortgage company detailing interest paid, taxes paid, and insurance paid.
    Answered on May 10, 2013
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