Can CitiMortgage assist with home insurance and property taxes?
Asked a year ago
Yes, CitiMortgage can assist with home insurance and property taxes. As part of their mortgage services, they offer an escrow account option. This means that CitiMortgage can collect funds from borrowers along with their mortgage payments to cover home insurance and property taxes. This ensures that these expenses are paid timely and in full. CitiMortgage takes care of managing the escrow account, making sure that the necessary funds are available when these payments are due. This convenient service helps borrowers budget for these expenses and provides them with peace of mind knowing that their insurance and property taxes are taken care of. CitiMortgage aims to simplify the mortgage process for their customers by offering this comprehensive assistance.
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