Why would the lender want to look after paying the property tax for you? Let me explain:
Not every homebuyer has their lender take care of their property tax for them, but some do. If you were wondering why lenders do this, it’s because lenders don’t like a situation where they could lose out on money in a forced sale because the municipality gets paid before the lender does.
About Jason Scott, Edmonton Mortgage Broker
Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’ll be your trusted partner who will help you get the right mortgage for your family home or Investment property. I’m Jason Scott, and I’ll be your Mortgage Broker Edmonton.