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Mortgage jumped over $400 a month because of escrow. Should go down next year, right?
Mortgage jumped over $400 a month because of escrow. Should go down next year, right? When we bought our house, the previous owners had completely renovated it, inside and out. This caused the property value to go from ~150k to our purchase price of $255k. The first year of owning the house, our escrow was accounting the property value at $150k. A year later, we receive a letter from our mortgage company stating our escrow is sh...
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