Summary
Including property taxes and homeowners insurance in your monthly mortgage payments offers several advantages. First, it simplifies budgeting by consolidating multiple expenses into a single payment, reducing the risk of missing due dates. Second, it ensures timely payments, as lenders manage these obligations through an escrow account, preventing potential penalties or liens. Third, it provides predictability, allowing homeowners to anticipate their monthly housing costs accurately. However, some prefer to manage these payments independently to control their funds and potentially earn interest. Ultimately, the decision depends on individual financial habits and preferences.
The Motley Fool

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Reasons You Should Include Taxes and Insurance Into Your Mortgage