My mortgage has gone up like $300 in the last 14 years due to taxes & insurance… but if I were still a renter it’d have gone up by $1000 (or more?) so I’m not complaining.
My car insurance has doubled in less than 8 years. But don’t worry, it has less coverage too! Oh, but I’ll get a teeny tiny discount if I let them install a lowjack!
Yes, your escrow can go up that much if your property tax, school tax, or in some cases insurance had a sudden jump in value or changes in what can be claimed. It varies by area and loan, but isn’t unheard of.
interesting, based on Zillow info my house doubled in price in the last 5 years, but my escrow only went up $20 in that time, mostly insurance, don’t tell my county tho 😂
The saddest part is the beefy 5 layer burrito being what people that worked at Taco Bell would order and ask for it grilled for a reasonable cheap meal to now resulting in “WTF is there any ground beef here? WTF is there real cheese? Are these ‘beans’ safe to consume?”
Edit: my friend who previously worked there when in college asked if it was even beans on the thing…
Mortgage payments cover insurance and taxes in addition to the mortgage itself. Unless you have a variable rate mortgage the portion of the payment going to the loan doesn’t change but the amount needed to cover taxes and insurance can.
I think it’s typical to get a 5 year contract and having to renegotiate a new mortgage at the end of said contract. At least, it is here in Canada. Rate goes up, monthly payment goes up.
I don’t know what’s sadder the giant Safeway sandwiches going from $9.99 to $13.99 or my mortgage about to go up like 200 goddamn dollars…
My mortgage has gone up like $300 in the last 14 years due to taxes & insurance… but if I were still a renter it’d have gone up by $1000 (or more?) so I’m not complaining.
As a renter, I don’t pity the mere $200 increase you’re dealing with.
My car insurance has doubled in less than 8 years. But don’t worry, it has less coverage too! Oh, but I’ll get a teeny tiny discount if I let them install a lowjack!
My car insurance went up like 20% from last year to this year. Exact same shitty “coverage” as before.
escrow went up that much?
Yes, your escrow can go up that much if your property tax, school tax, or in some cases insurance had a sudden jump in value or changes in what can be claimed. It varies by area and loan, but isn’t unheard of.
interesting, based on Zillow info my house doubled in price in the last 5 years, but my escrow only went up $20 in that time, mostly insurance, don’t tell my county tho 😂
The saddest part is the beefy 5 layer burrito being what people that worked at Taco Bell would order and ask for it grilled for a reasonable cheap meal to now resulting in “WTF is there any ground beef here? WTF is there real cheese? Are these ‘beans’ safe to consume?”
Edit: my friend who previously worked there when in college asked if it was even beans on the thing…
At least you’re not just throwing away money like those of us who have seen rent double in 3 years.
My retirement plan is a intentional heroine overdose.
Yep mines about to go up $200 because my insurance is over $1,000 more this year.
How do you have a mortgage change price? I don’t get that? Both of mine haven’t ever changed.
Mortgage payments cover insurance and taxes in addition to the mortgage itself. Unless you have a variable rate mortgage the portion of the payment going to the loan doesn’t change but the amount needed to cover taxes and insurance can.
Oh okay. So I could just include the other charges when I say mortgage here in the states and I could say the same thing then.
I think it’s typical to get a 5 year contract and having to renegotiate a new mortgage at the end of said contract. At least, it is here in Canada. Rate goes up, monthly payment goes up.
Do you have 10, 15, and 30 year loans up there?
They exist, but from what I hear, they’re very hard to get. I would’ve loved to get 30 years with the interest rates I had five years ago.