http://www.floatmymortgage.com/personal-finances/ Pay your mortgage many months in advance - without using your own money! Mon, 11 Aug 2014 10:23:47 +0000 hourly 1 https://wordpress.org/?v=3.9.40 http://www.floatmymortgage.com/personal-finances/#comment-201 Mon, 11 Aug 2014 07:41:55 +0000 http://www.floatmymortgage.com/?p=941#comment-201 Property taxes are taxes assessed on prteproy, normally based upon the value of the prteproy. Have never heard of a “mortgage tax” but some jurisdictions to assess a tax for recording prteproy deeds and transfers and since the mortgage usually requires an additional filing there could be additional taxes due to record the mortgage and/or record the lien release when it’s paid off.Most lenders require payment of a portion of the estimated prteproy taxes (and homeowners insurance) with each payment. That’s not a tax but money held in escrow by the lender until they receive the tax bill and pay it. The amount that they pay on your behalf is deductible on your tax return if you itemize.References : Was this answer helpful?

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