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Home property tax payments

Property tax payments arethe payments you make to pay taxes on your mortgaged home property.

You always have to make property tax payments lwhen you get a mortgage loan for a home or multi-residential property, and even when you fully own that property (when you've paid off your mortgage loan).

You can have mortgage loan property tax payments added into your regular home mortgage payments. Or you can make property tax payments completely separately from your mortgage payments and pay them directly to your local municipality.

You actually have to have property tax payments added into your regular mortgage payments if you get a "high-ratio" mortgage loan (so if you borrow 75% or more of your property's purchase price) from one of The Mortgage Store Online's institutional lenders (like a bank or trust company).

Just so you know: when you make property tax payments by adding us to your mortgage loan payments, you're really just paying back your lender who will have already paid your property taxes for you.

Get a home mortgage loan today! Fill out the home mortgage application.

If you want to find out more information about home property tax payments, contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

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