Dec
13
Question by chica24: How does a fixed mortgage work with property taxes increasing?
Does your monthly mortgage range stay the same over the years while tax holding increasing? Or does it still increase your monthly mortgage payment and end up being risky with how high it tin become?Thanks!
Best answer:
Answer by Judy
Your interest % stays the same for the length of the mortgage. If property taxes go up though, the escrow portion of your payment goes up.
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