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Updated about 5 years ago on . Most recent reply
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Mortgage Payment Problems
Can anyone help me with this problem? When i purchased my home in 2018 i paid $2400 in insurance and about $2200 in property taxes. Now, in 2019 it seems that my property taxes and insurance doubled and it now caused my mortgage payment to go up $508. i paid $5012.53 in County taxes and $5002.66 in insurance. When I first purchased the home my mortgage was $2177 and I'm paying $2686. Can anyone guide on what to do?
Most Popular Reply
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@Davidson Francois I ask about it being new because the first year the home exists the assessed value is based only on the land, not the improvements (the house). But, after the second year, the house is included too, and the assessed value goes way up.
- Dawn Brenengen
- Podcast Guest on Show #101