I noticed that my escrow payment has increased by $200 this month. I'm wondering what could have caused this sudden increase in my escrow amount.
7 answers
Isabella
Thu Oct 31 2024
Homeowners may decide to add an escrow account later in their mortgage term.
BitcoinBaron
Thu Oct 31 2024
Escrow payments often witness an upward trend due to various factors.
Riccardo
Thu Oct 31 2024
One of the primary reasons is the increasing cost of insurance.
benjamin_cole_nurse
Thu Oct 31 2024
Additionally, taxes also contribute to the rise in escrow payments.
Carolina
Wed Oct 30 2024
However, this decision may come with additional fees.