Thinking of owning a home for the first time? Start here to learn everything you need to know about credit, down payments, and choosing the best mortgage for your needs. Hint: It's probably easier than you thought!
Most mortgage loans come with an impound account for paying property taxes and homeowner's insurance. Impound accounts are pre-funded at closing. Then homeowners contribute 1/12 of annual amounts each month. Learn what to expect here.