Posted by John on May 12, 2004 at 09:44:51:
Same thing here. It is because that R/E values are rising which causes taxes and insurance to rise as well. You could review your insurance and maybe raise your deductabl which lowered mine by $400 per year. Be careful not to under insure. Unfortunatly, We don’t have to like it but do have to deal with it
Mortgage - Posted by thomas
Posted by thomas on May 12, 2004 at 08:39:43:
I just got a letter from my mortgage company telling me my new payment is $100 more then last year. Is there anyway I can stop this and just pay what I was paying? I have been out of work now going on two years because of getting hurt. Now they want me to pay $1000. a month for my home. I have been paying for 15 years now. Every year they go up on my payments. How can they do this? Is there anything I can do to stop this?
Re: Mortgage - Posted by Dan
Posted by Dan on May 12, 2004 at 14:55:57:
This has to do with the rising taxes not the mortgage company, most likely, unless you have some type of adjustable rate. You can always think about refinancing to a lower rate but this won’t take care of your taxes increasing.