<p>An impound account is an account held by your mortgage lender to collect and pay your homeowners insurance and property taxes. The are many times required depending on the amount your down payment when you purchase the house. We discuss the Pros and Cons of an impound account and I recommend not having one if you can avoid it. </p>

An impound account is an account held by your mortgage lender to collect and pay your homeowners insurance and property taxes. The are many times required depending on the amount your down payment when you purchase the house. We discuss the Pros and Cons of an impound account and I recommend not having one if you can avoid it.

<p>An impound account is an account held by your mortgage lender to collect and pay your homeowners insurance and property taxes. The are many times required depending on the amount your down payment when you purchase the house. We discuss the Pros and Cons of an impound account and I recommend not having one if you can avoid it.&nbsp;</p>

Ep.507: Why I Recommend Against Impound Accounts

Hosted by Sean &amp; Katelyn Mulcahy. 
Together, we discuss personal finance and how it affects me as a young adult moving forward. On Dads Daughters and Dollars, I learn from my dad the keys to financial independence and general money management.

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Hosted by Sean & Katelyn Mulcahy. Together, we discuss personal finance and how it affects me as a young adult moving forward. On Dads Daughters and Dollars, I learn from my dad the keys to financial independence and general money management.

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Ep.507: Why I Recommend Against Impound Accounts

Ep.507: Why I Recommend Against Impound Accounts