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allIwant
Love my crazy life!
Member since 1/10 9170 total posts
Name:
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STAR question
I applied for STAR when I purchased my house and got notification that it was approved for the 2012-13 school year.
How does it work? Will my mortgage payment go down or will I get an escrow check at the end of the year?
Thanks!!
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Posted 8/19/12 9:28 PM  |
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ny55angel
car seat tech & geek :-)
Member since 2/06 4346 total posts
Name:
P
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STAR question
Your taxes will go down, so your escrow will be paying out less. When the bank re-evaluates your escrow (yearly) if there is to much in excess you will get a refund. If the refund is more than a certain amount the bank will adjust your mortgage payment so less is taken out for escrow for the upcoming year.
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| Posted 8/19/12 10:50 PM |
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allIwant
Love my crazy life!
Member since 1/10 9170 total posts
Name:
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Re: STAR question
Thanks!!
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| Posted 8/20/12 12:31 PM |
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