Quote:
Originally Posted by Evil Chris
Mortgage drop? What the hell is that?
Do you have to re-amortize to make that happen? Notary?
Why pay less on your mortgage anyway? I say pay more to get the principal down as fast as you can.
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My property taxes and homeowners insurance is all rolled into my mortgage. This way I pay one bill, not three, and it avoids getting huge bills every year when my property taxes are due.
My property taxes fluctuate depending on the value of my house. House value drops, so does my property taxes.