Submitted by NachoDog1000 t3_z8gq02 in personalfinance
Shaqtothefuture t1_iycogwr wrote
The same thing happened to me. Freaked out doing the math and trying to figure out where the extra charge was coming from. Talked to several people, made phone calls, talked to bank, called the bank etc. Couldn’t figure it out, made the first higher payment, then the next mortgage payment was back to normal. Concluded that the escrow account was short $600, and instead of the mortgage company saying that, they sent us a $600 increase mortgage bill. Not sure if your situation is the same, but it sounds very similar.
NachoDog1000 OP t1_iydeadf wrote
Same situation except the shortage is $4,000 so my payments will be higher for all of 2023
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