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Susan K. Ludwig
& Eileen R. Gottsegen
Susan - 561-789-5999
Eileen - 561-213-5656
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An impound account is set up by the lender for you to prepay certain recurring costs at closing, such as your 1st 6 months of property taxes and/or insurance. Mortgage payments are increased to include these costs and the funds collected are dispursed when the payments are due. When you purchase your property in the Boca Raton area we, as realtors, and your mortgage broker will explain all of this in greater detail.
[ ..More About BOCA RATON What is an impound account? ]
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Equal Housing Opportunity