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Originally Posted by Frugalicious
So does anyone know how property taxes and insurance is worked into this type of program??
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It sounds like the speed equity system keeps your mortgage but adds a HELOC, so your original escrow would still cover the taxes and insurance.
If the First United system remortgages the whole balance into a LOC, then you will probably have to pay your property taxes and insurance separately, instead of putting money into the escrow and having the mortgage company pay those bills.