DBtoOC
Member
I'm closing on a new construction home in August. I'm choosing to impound my taxes & insurance with my lender and the Closing Disclosure is showing the following: Property Taxes of $1,250/month for 8 months.
Is this normal? Why am I paying property taxes for 8 months into my escrow balance if the house isn't mine yet? Does this amount typically get refunded back to me?
Is this normal? Why am I paying property taxes for 8 months into my escrow balance if the house isn't mine yet? Does this amount typically get refunded back to me?