Viewing a single comment thread. View all comments

jonnyclueless t1_iye06f4 wrote

Reply to comment by sephiroth3650 in $600 Mortgage Payment Increase??? by NachoDog1000

Exactly. Except I had to contact them to find out why it went up. Next month it goes back down by about $200 because they have caught up.

1

sephiroth3650 t1_iye3gav wrote

So your lender didn't send you an escrow analysis and notice that the monthly payment was changing? That would be the typical process. But maybe they didn't send it, or it got lost in the mail. Normally you get a notice in the mail telling you that it's going up, and they give you the option to pay the shortfall in a lump sum to avoid it going up as much.

1