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Mortgage Payment Increased After Year 1? Here’s Why
Автор: Bran the Mortgage Man
Загружено: 2025-09-29
Просмотров: 370
Описание:
Did your mortgage payment increase after the first year—even with a fixed rate? The answer is usually property taxes and escrow shortages. In this video, I’ll break down:
• Why your escrow account runs short
• How property taxes rise after you buy a home
• What happens when your lender recalculates your payment
• How to avoid surprises as a first-time homebuyer
This guide is essential for anyone in Florida, Texas, or other states with high property taxes. Watch until the end to learn how to manage escrow, avoid shortages, and protect your budget.
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