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Author: craig110 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121185  
Subject: Re: Tax "Breaks" or "Credits" Date: 4/4/2002 9:12 AM
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>This doesn't work as well with prepaying mortgage interest and property taxes because you can only prepay one payment worth.

You are correct that mortgage interest is hard to prepay well in advance. Estimated property taxes can be easily paid the full year in advance, however, if there isn't any property tax escrowing being done. If it is being escrowed, it would get a bit more complicated but even in this case I bet one could directly prepay to the local community and then warn the escrow agent to expect a $zero bottom line on the next bill. The escrow agent is there to make sure the property tax is paid to protect the mortgage company, so why would they object to a homeowner paying more in advance?
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