Can I pay my own taxes and insurance?

B

Yes, however including property taxes and homeowner insurance premiums in your mortgage payment is a popular and common practice. The lender sets up an escrow account and collects 1/12th of your annual property expenses each month. The funds are held in a non-interest-bearing account and used to pay the tax bills and insurance premiums when they become due, so you don’t have to. If the loan is paid off, the lender must refund any excess money in the account within 30 days.