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Why can my monthly mortgage payment change?
Frequently Asked Question
Property taxes and insurance amounts fluctuate every year; therefore, escrow payments need to be adjusted to ensure we have enough funds to cover upcoming tax and insurance costs. Your total monthly payment will be adjusted to reflect any change in your required escrow payment. If you have any questions about increases in your property taxes please contact your local tax authority. If you have any questions about homeowner’s insurance premiums, please contact your insurance agent.