For all mortgages that nw+|cu pays taxes and/or insurance, the annual Tax and Insurance Account Disclosure statements were mailed. This disclosure compares what was projected to pay versus what was actually paid from the members escrow account. In many cases, this causes the monthly payment to increase in order to cover the increases in Taxes & Insurance.
The payment change takes place in August for all accounts!
We are also sending out a full year of coupons to all mortgages that are set for this payment method (including those account without escrow).These will contain August 2020-July 2021.
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For information or to apply for mortgages and home equity lines of credit– Click Here