Becomes Temporarily Unlivable. There Are Advantages Of Paying Homeowner’s Insurance Up Front At Closing, Rather Than Escrowing The Cost Within Your Monthly Mortgage. Paying Your Homeowner’s Insurance Premium All At Once And Before Closing Allows You To Exclude That Premium From Your Closing Costs, Which Generally Include Lender And Other Fees For Which You’re Responsible, In Addition To Your Down Payment. Closing Costs Are Generally Paid In One Lump Sum. You May Also Choose To Set Up An Escrow Account, Depending On Your Mortgage Agreement, To Avoid Paying Large Sums For Homeownership Costs. Essentially, An Escrow Is A Savings Account Designed To Help You Pay Your Mortgage, Property Taxes, And Even Homeowner’s Insurance In Smaller, Periodic Installments. Your Lender Usually Deals With Payments From Your Escrow, Which Means Less Stressful Financial Management For You. A HOME WARRANTY LETS YOU SLEEP BETTER AT NIGHT Whether You’re A First-time Home Buyer Or Empty Nester Downsizing After Several Previous Home Buys, It Might Be A Smart Idea To Have A
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