1/2/2008 – South Carolina Homeowner’s Mortgage Payments Decrease

Jan. 2, 2008 - PRLog -- A law that took effect in June of 2007 which pays property taxes from a school operating fund should pay for about half of most property tax bills.

While many lenders kept charging the full amount for property taxes throughout 2007, many homeowners should see a refund and a reduction in their monthly mortgage payments due to a positive balance in escrow accounts.  South Carolina homeowners should see their refund checks once their lenders pay their tax bills this month.

If you don’t get your notice by the end of January, you are urged to call your lender.

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