Can You Escrow Insurance & Not Taxes?

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Whether or not you can get escrow insurance without your taxes depends entirely on a few key specifics of your situation. Find out if you can escrow insurance and not taxes with help from a managing broker with Windermere Real Estate in this free video clip.

Part of the Video Series: Real Estate Questions
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Video Transcript

Hello, Jim Jacobsen, managing broker with Windermere Real Estate in Seattle, Washington. The question that comes up today is can you escrow your insurance without your taxes or let's say your taxes without your insurance and in asking my lenders I found out that in rare occasions some lenders will allow you to do that. Most of the ones that I work with don't however. You're either all in or all out. You're either paying your taxes and insurance with your principle interest payment but you are not going to pick up one without the other. Again, there are those instances where it can be done where you may pay your insurance and not your taxes or pay your taxes and not your insurance but it is not the norm and you'd really have to seek that lender out.


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