@mjwhomes: Replying to @Ammon Bennion why does your fixed rate morrgage payment go up? heres a visual aid from an actual closing document that I use to explain escrow shortage and how it happens in Florida #greenscreen #mortgage #escrow #taxes #Home #longervideos #realestate #florida

Mjwhomes
Mjwhomes
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Region: US
Friday 02 February 2024 21:45:17 GMT
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justinshootscanon
Justin Gummow :
That’s frustratingly complicated
2024-02-03 00:59:02
2702
behlerhomes
Samara Behler :
Wow, this is actually so insane. I can’t believe a lender would structure a mortgage this way.
2024-02-02 22:08:38
1943
lucyslife1999
Lucy :
My mortgage increased $400 after 1 year of purchase 😟
2025-05-14 23:16:37
0
lifewellnested
Christine Oh :
Haha my escrow went up $3k a month this year. I wish I was exaggerating. 💀
2024-03-21 14:54:49
1571
caitotmh23
Cait :
Hit 20% equity, drop your ~250/mo PMI- apply that extra $ to principal each month, close out and hold your own escrow to cover yearly taxes 🤌🤌🤌
2024-02-07 22:23:26
900
gorgeous_nelz
Gorgeous_nelz :
Would it go up if you’re approved for homestead ?
2024-10-20 21:30:08
0
jamiekunzman
Jamielinn75 :
I setup for future taxes in my escrow, I’ve been paying my full amount since we moved in. 2.5 years later, my full tax amount has hit. But I’m good!
2024-12-28 02:41:02
0
its_a_beautiful_life21
Something_clever :
Yessss people really need to learn to read this!! Or should say learn how to read it ..
2025-05-23 13:10:00
0
smokin_gilf420
Smokin_gilf420 🆘 🇺🇸 :
Yeah but usually further in the paperwork there is payment schedule ….
2024-03-24 12:41:21
0
jonpadgett0
Jon Padgett :
So does this keep happening even after owning the house for 10 years and each year they keep changing it. This year for example went up over 160 a month
2025-02-05 19:20:33
0
cooking.with.soknin
Soknin :
This happened to us when we purchased a new build. After a year, our mortgage payment went up $450!
2024-02-03 05:26:29
207
itsmue1337
Mue :
So, basically pay the "Principal & Interest" + "Estimated Total Monthly Payment" a month? Which in this example would be $2077.97c a month?
2024-10-18 10:34:35
1
bettyg33
Bettyg_33 :
I got an escrow check back after buying a new build on May 5th. Should I worry?
2024-02-03 00:43:43
41
olafandelsakitties
Emily Foster :
Does this happen that often with 25 year old houses?
2024-06-28 15:26:15
0
stacyospina
Esteici :
Literally . Happening to me right now. Now I’m looking to selling my home.
2025-01-10 05:29:00
8
rghannam
Rghannam :
As a mortgage broker here looks like it was a new construction home and used land taxes instead of calculating the real taxes. Thats what happened
2024-02-03 14:33:12
206
godwarrior77
DaughterofElohim :
How is this even legal
2025-02-16 20:51:41
0
alliance3dprints
Alliance 3D Prints LLC :
My lender walked me through every single step and ensured we understood the actual payment. There has been zero surprise.
2024-02-04 16:08:33
309
fsmallwood65
Fsmallwood65 :
Just went through a similar situation with a friend that I help. 1st homeowner insurance dropped him. Mortgage holder provided insurance it was high, escrow went negative. Than taxes went up 🤦🏽‍♀️.
2025-02-27 17:19:36
1
neffeteria0116
Queen Neffeteria :
So the monthly payments that should be made is, the monthly principal and the escrow amount?
2025-02-17 19:44:03
0
elizabethmarrs1
elizabethmarrs1 :
Escrow officer here-so frustrating! Those property taxes can really be a huge hit.
2024-02-04 03:27:57
94
alpopple
alpopple :
This is only for new builds right? Not for a home that’s older?
2024-12-13 14:38:14
36
better.days719
💚🖤 :
I will be buying my first home and I have not met a transparent agent yet!
2024-12-01 03:20:15
0
listening2_moskitoe
🪰 :
so if I understood correctly, idgaf about the estimated escrow and just start paying 513.95 monthly and pay the principal interest is that it...? 💀
2024-03-31 17:46:56
0
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