Standard Mortgage Blog

The Louisiana Housing Corporation's goal is to give every resident of Louisiana the chance to find a safe, affordable, energy-efficient home. LHC’s committed team administers federal and state funds through state housing programs to support working families in realizing their housing aspirations. They offer mortgage products that have down payment and closing cost assistance, resilience soft..

During an annual escrow review your insurance, tax projections, and if necessary, mortgage insurance will be reviewed for the upcoming year.  Your mortgage servicer will add the annual payments for all of your escrow expenses (typically all insurance premiums and property taxes) and divide the total by 12 to calculate your monthly escrow payment.  Your new monthly payment will be compared to your..

One financial obligation that comes along with homeownership is the responsibility to pay property taxes. Fortunately, your mortgage servicing company can make this easier. Did you know that if you choose to escrow, part of your monthly mortgage payment may include your projected property tax for the year? If you choose to escrow, your mortgage company collects a portion of your projected tax and..