Is it normal for your mortgage (escrow) to go up without any sort of notice?
I happen to log into my mortgage account (roundpoint), and there was already a 9/1 bill, I open it and see it's increased $482 per month. Principal/interest are fixed, so it's escrow, going from $1017.72 to $1500.60.
I log into USAA to look at property insurance bill, it increased $2k (40%.. another discussion!!!) for this renewal. Ok, so thats $166.
I log into county assessor, last year was $5k, this year is $6400, ok that's another $120 or so, we're at $280.
How do I found out why it went up another $200 on top of taxes/insurance? Aren't they required to notify me about this kind of stuff and explain what's going on and/or show their calculations of escrow future?
Just 2-3 years ago my princ/interest/escrow was $1900.. this is getting out of hand. $12k more a year now.
Any ideas why it would go up nearly $500 if insurance/taxes is only $280 more?
I happen to log into my mortgage account (roundpoint), and there was already a 9/1 bill, I open it and see it's increased $482 per month. Principal/interest are fixed, so it's escrow, going from $1017.72 to $1500.60.
I log into USAA to look at property insurance bill, it increased $2k (40%.. another discussion!!!) for this renewal. Ok, so thats $166.
I log into county assessor, last year was $5k, this year is $6400, ok that's another $120 or so, we're at $280.
How do I found out why it went up another $200 on top of taxes/insurance? Aren't they required to notify me about this kind of stuff and explain what's going on and/or show their calculations of escrow future?
Just 2-3 years ago my princ/interest/escrow was $1900.. this is getting out of hand. $12k more a year now.
Any ideas why it would go up nearly $500 if insurance/taxes is only $280 more?