Q&A: I am refinancing. Is it better to pay property taxes on your own, or allow the mortgage compmay to do so?

Question by Amy: I am refinancing. Is it better to pay property taxes on your own, or allow the mortgage compmay to do so?
I think it’s better for me financially to pay them on my own, correct? I used to have the mortgage do it because it’s hassle free.
DeeDee, my taxes are paid quarterly. So I would need to have money set aside for when they’re due.
Ah, I forgot to add that I have been asked if I am also paying for home insurance on my own. Shouldnt this be done by the mortgage company?

Best answer:

Answer by Great Scott
It’s 6 of one, half dozen of the other. I’d recommend the mortgage company do it..it’s free and you don’t have to worry about it.

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