Help, my mortgage payment went from $727 to $1148 a month. - I am a teacher and worked very hard to save 20% down-payment for a house and an acre of land. I payed $128,000 for the house and the land 2 years ago. I got a fixed intrest rate of 3.5%. My taxes are roughly $2000 and my insurance is $1386. Out of the blue my mortgage company increased the amount needed for escrow (as of this moment my escrow is negative $400). I was told by the company that $1148 is my new monthly payment for the remainder of my 30 year mortgage. This makes no sense as increasing my escrow payment by $400 a month is way more then mathematically seems necessary. Is this legal, can my mortgage company arbitrarily demand a huge increase in my escrow payment. Personal Finance

Help, my mortgage payment went from $727 to $1148 a month. - I am a teacher and worked very hard to save 20% down-payment for a house and an acre of land. I payed $128,000 for the house and the land 2 years ago. I got a fixed intrest rate of 3.5%. My taxes are roughly $2000 and my insurance is $1386.
Out of the blue my mortgage company increased the amount needed for escrow (as of this moment my escrow is negative $400). I was told by the company that $1148 is my new monthly payment for the remainder of my 30 year mortgage. This makes no sense as increasing my escrow payment by $400 a month is way more then mathematically seems necessary. Is this legal, can my mortgage company arbitrarily demand a huge increase in my escrow payment.


Shortnsalty 33d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 64d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 94d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 125d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 155d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?