Are monthly impound payments disclosed in the note?
• No but they are easy enough to calculate 1/12th of your annual tax figure 1/12th of your annual hazard insurance figure 1/12th of your mortgage insurance premium (if any) This answer is (useful somewhat useful incorrect offensive/spam) Add new answer Add new question Email me when a new answer is posted Top • Not usually. The note is your obligation to pay the principal amount of the loan, at an agreed interest rate, with payments spelled out in the note. There might be language about the final amount remaining after agreed upon payments end and there might be a rider that explains how interest rates might adjust. The monthly impounds are usually left to the “payment” letter, since the “legal” obligation for those payments is pretty much limited to what the mortgage document spells out as your need to keep the premises insured against hazards and the taxes paid to prevent liens. Since Homeowners’ Association Dues can be liens against the property if unpaid, you are obligated to keep
