- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (2)
- Mickey488
- Contributions:11
Thanks Mike! Just to clarify then, by "The same would apply for Summer 2010." do you mean that payment of the taxes for summer 2010 would need to be made in advance in addition to the taxes for Winter 2009, or that this process is identical be it in the summer or in the winter?
If you are looking at FHA financing you will be required to have a full years hazard insurance paid at closing, in addition you will have to provide money to fund your escrow accounts, for example: if you closed today, your first payment wouldnt be due till September 1st, the lender would collect enough money to insure that your winter taxes 2009 would be paid plus generally a 2 month buffer. The same would apply for your summer taxes 2010. Get yourself with a qualified Realtor or mortgage lender and obtain accurate figures the property you would be interested in.
What sort of tax and insurance payments need to be maid when you are buying and when?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.