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Updated almost 5 years ago, 02/20/2020

Dave Bopp's profile image
Dave Bopp's profile image
Dave Bopp
  • Rental Property Investor
  • from Philadelphia, PA-Pennsylvania
  • Member since Nov 22, 2016
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User Stats

44
Posts
2
Votes
Dave Bopp's profile image
Dave Bopp's profile image
Dave Bopp
  • Rental Property Investor
  • from Philadelphia, PA-Pennsylvania
  • Member since Nov 22, 2016
Connect
Dave Bopp
  • Rental Property Investor
  • Philadelphia, PA-Pennsylvania
2
Votes |
44
Posts
Private Lending & Conventional Mortgage Advice

$900/month mortgage payment increase?

Dave Bopp
  • Rental Property Investor
  • Philadelphia, PA-Pennsylvania
Posted

I just received a notice from my mortgage company stating that they would be raising my mortgage payment $900 per month beginning in March because of an escrow shortage. The taxes and insurance both went up this year on this property, but that seems like an extreme amount of increase for a monthly payment.

Has anyone encountered this before? And any suggestions for countering this increase?

Thank you!

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