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Check Your Property Tax Escrow

If your mortgage lender escrows property tax dollars, you may have noticed an increase in your monthly payment. Most lenders were expecting property taxes to increase substantially because of the increase in home prices over the past several years. Since lenders don’t want to be caught short when the tax bill arrives, you may have noticed an increase in your monthly payment. Second installment property tax bills are out, and your final 2023 tax amount is set. Check out your tax bill and contact your lender if you think they are escrowing too much.

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