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09-17-2004, 06:24 AM

My wife and I were going over some bills, and I find that our mortgage payment (that we refinanced about a year ago) has gone up $200 per month. The reasoning the mortgage company gave us is they want 2 months house payment in escrow. WTF?!?!?!? They always only held taxes in escrow, and we never missed a payment. They said it was in the ton pf paperwork we signed, so I got no one to blame but me. Has this happened to anyone else? Is this a common practice? On todays to-do list... look at refinancing.

Thanks for any input.

09-17-2004, 06:24 AM	#1 (permalink)
Diamond Guest	Monthly mortgage increases? My wife and I were going over some bills, and I find that our mortgage payment (that we refinanced about a year ago) has gone up $200 per month. The reasoning the mortgage company gave us is they want 2 months house payment in escrow. WTF?!?!?!? They always only held taxes in escrow, and we never missed a payment. They said it was in the ton pf paperwork we signed, so I got no one to blame but me. Has this happened to anyone else? Is this a common practice? On todays to-do list... look at refinancing. Thanks for any input.