Reach out to your mortgage lender to discuss setting up an escrow account for property tax payments. They will guide you through the process and provide any necessary forms or documentation.
Contact your lender
Fill out the necessary paperwork provided by your lender to initiate the setup of the escrow account. This may include providing information about your property and agreeing to certain terms and conditions.
Complete the required paperwork
Once the paperwork is completed, you will need to fund the escrow account. This is typically done by making an initial deposit or through an adjustment in your monthly mortgage payment.
Fund the escrow account
Going forward, your property tax payments will be automatically deducted from the escrow account when they are due. This eliminates the need for manual payments and ensures timely payment of your property taxes.