Topic
Homeowners Insurance
Escrow Shortage: Why Your Mortgage Payment Went Up
A fixed-rate loan with a payment that keeps climbing sounds like a contradiction. The culprit is the escrow account, and you have more choices than the letter suggests.
Why Your Escrow Comes Up Short Almost Every Year
Your monthly payment jumped again after an escrow analysis. The shortfall usually is not a mistake, it is built into how the account works. Here is the mechanism, and what you can do about it.