escrow change

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PostPosted: Sat Sep 13, 2008 11:43 am    Post subject: escrow change

my loan type is 30yr conv w/pmi
and i received a letter my payment is raised because my escrow change. my loan type can change the payment?
Icon Mini Profile kpatrick
kpatrick



Joined: 29 Oct 2007

Posts: 156
Location: Atlanta, Georgia
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PostPosted: Sat Sep 13, 2008 8:24 pm    Post subject:

No, an increase in your prop taxes or home owner's insurance raises your payment.
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Icon Mini Profile lisascherzer




Joined: 04 Jan 2008

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PostPosted: Mon Sep 15, 2008 11:32 pm    Post subject:

kpatrick is correct.
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