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p&I

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howabouti99 Joined: 27 Mar 2011 Posts: 1 1.26 Dollars($)	Posted: Sun Mar 27, 2011 5:23 pm    Post subject: p&I Like 0 Dislike 0 Can you pay your P and I and pay your taxs and ins later without being penalize, or foreclose on, I am told that the P and I is there money and the taxs and ins is your money which is true ,?
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Sun Mar 27, 2011 8:03 pm    Post subject: Like 0 Dislike 0 Hi howabouti, If you don't have an escrow account, then you can simply pay the principal and the interest to the mortgage lender. It won't lead to a foreclosure. However, if you have an escrow account, then you will be liable for paying the taxes and insurance along with your principal and interest payments. Thanks

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