@therealveronika_: While I don't regret buying my home because it's a blessing and I love it so much, this is the part they don't tell you. This is the part that catches every new-build homeowner by surprise. The escrow analysis after year 1 is some crazy shit. For anyone who doesn't understand it, basically your taxes were assessed on just the land and not the house, so you didn't pay enough taxes last year. Be sure to homestead, if available to you in your county & always try to pay more per month into Escrow, if at all possible. I knew my mortgage would be going up this year, I didn't think it would be going up by $800/month. Do your research and ask A LOT of questions when choosing to buy a new home. #fyp #homeowner #Newbuild #surprise #contentcreator #Latina #boricua 🇵🇷 #nuyorican #CapCut
At closing, my mortgage company instructed me to pay $500 extra a month for my first year and explained about the taxes, escrow, etc. Thank you AmCap for the advice.
2024-03-21 05:02:27
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Sara Lehman595 :
Your taxes went up. That’s not on the mtg co. That’s on the town or county that increased the property taxes. They should inform you & you can notify your mtg servicer to change your escrow amount.
2024-03-21 05:47:09
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Nikki Frank Avenue :
My LIFE 😡...
2024-03-25 11:36:31
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Odessa Perez-Dueno :
that happen to us
2024-03-28 18:49:34
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EllaAbaby916 :
The can only estimate taxes. So once the county does a full analysis of the property tax that is how you will know the exact amount. Some broker or estate agent doesn’t know how to properly disclose
2024-03-29 00:04:24
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🍬Kandi🍬 :
😭 I can so relate 😭😭😭😭
2024-03-21 18:13:15
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allinamarie3 :
Literally just happened to me. Over 5k short 😣 just crazy
2024-03-25 13:55:33
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Toussaint Clayton :
this happened to me exactly
2024-03-21 12:41:36
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Yaya :
This was so me !! I was so confused 🫤
2024-03-22 21:49:17
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Karissa Freeman :
Yeah and in Texas where property taxes could be $12k or higher … imagine that escrow shortage
2024-03-28 15:12:06
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Ashley Santillanes :
Girl YESSSSSSSSSSSSS
2024-03-29 22:31:00
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reinisabelrealtor :
That’s the wrong info . She never give the right answer. She should have expalnined impounds
2024-03-24 05:02:25
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Crown Me Braid Lounge :
At what point can we make the mortgage companies sign documents and disclosures to make sure they keep their end of the deal just as we have?!?🤷🏽♀️
2024-03-28 21:00:27
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Hierophant :
girl! 😩this was me!!! flabbergasted to say the least
2024-03-21 23:51:46
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Cristian :
This happened to me when I bought my house. 😒
2024-03-25 15:30:12
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Cornelly Alexander :
I feel the pain
2024-03-23 21:56:00
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melvintoro321 :
That’s a fact , did the very same thing to me !!!
2024-03-27 06:49:08
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Jrockit :
Yeah not everyone knows that… it’s sad
2024-03-22 03:11:41
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Stephanie :
Y como yo voy a saber que la cantidad que me dicen a pagar es la real y no como en este caso que después de un año te dicen que tenía que ser más?
2024-04-03 22:17:10
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💎 Pressure Diamond 💎 :
this happened to me
2024-03-21 14:32:01
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Redsonya :
Mortgage Co is not psychic. they have no idea what your bills will be the upcoming year. Bills come in higher than what was projected.
2024-03-22 11:40:53
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Guillermina Hern2478 :
This is why I pay P&I to the lender and pay taxes and insurance separately. You don't have to have an escrow account.
2024-03-23 06:45:37
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Sharon Rivera :
That happened to me, I started with an initial payment of 1450 and after the first year it was 1900. I never understood why.
2024-03-24 22:06:27
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Rianna Plas :
taxes and home owners insurance goes up so does payments =shortage
2024-03-21 03:13:39
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Angel Salinas :
I wish I saw this 3 years ago I found out the hard way but I did do homestead which was a blessing
2024-03-23 13:39:58
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