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How many months of Property Taxes and Homeowner’s insurance are required to set up the impound account?

April 26, 2017account Homeowner Impound Insurance months property taxes

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How many months of Property Taxes and Homeowner’s insurance are required to set up the impound account?

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Anywhere from 3-7 months for taxes depending on the month we close and 2-3 months for insurance. If your insurance renews within 2 months of closing the lender will require for the policy to be paid for the year.