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Old 03-22-2009, 04:53 PM   #11
blueeyes_jd
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Join Date: Jan 2008
Location: Utah
Posts: 1,451
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Quote:
Originally Posted by hviola View Post
Congrats!!!

My advice: Make sure you count in escrow in addition to your mortgage when deciding what you can afford. First time buyers loans usually do an escrow account which is your property taxes plus home insurance split into 12 payments. So if your mortgage is 500 and your monthly escrow is 200, then you pay 700 a month as your monthly payment. (You probably know this, but just making sure since I didn't realize it when I bought my first home. )
Im embarrassed to say that I didnt know about the escrow so THANK YOU!!!
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