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What are inpounds on a mortgage loan? is that money set a side to pay taxes and insurance or is that paid sep?

What are inpounds on a mortgage loan? is that money set a side to pay taxes and insurance or is that paid sep?

Impounds are monies set aside for taxes and insurance. They are paid monthly and are part of your mortgage payment.

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What are inpounds on a mortgage loan? is that money set a side to pay taxes and insurance or is that paid sep?

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