Is Your Mortgage Payment Different Than Before? Here’s 7 Reasons Why

📚 Get FREE Homebuyer and Seller Tools, Guides, and Helpful Resources Here: https://www.homejourneyadvisor.com/pa...

Have you ever opened your mortgage statement and thought, “Why is my payment higher this month?” You’re not alone. Many homeowners are surprised when their mortgage payment changes unexpectedly—but the truth is, there’s usually a clear reason behind it. In this video, we’ll break down 7 common reasons your mortgage payment might go up (or down) and what you can do about it.

Here’s what we’ll cover:
• Escrow account adjustments due to rising property taxes or homeowners insurance.
• What happens when your temporary buydown period ends (like 2-1 or 3-2-1 buydowns).
• How adjustable-rate mortgages (ARMs) reset and impact your payment.
• When you can reduce or eliminate private mortgage insurance (PMI).
• The shift from interest-only or pay-option loans to full principal + interest payments.
• New fees or charges added by your servicer.
• And yes—sometimes it’s simply a servicer mistake.

By the end of this video, you’ll know what to check, who to call, and how to take control of your mortgage. Whether it’s understanding your escrow statement, filing a notice of error, or using HUD-approved counseling resources, this guide empowers you to stay ahead of surprises and manage your payments with confidence.

👉 Helpful resources mentioned in this video:

Free Monthly Mortgage Checklist: https://www.homejourneyadvisor.com/pa...

Free Information Request Form: https://www.homejourneyadvisor.com/pa...

Free Notice of Error Correction Request Form: https://www.homejourneyadvisor.com/pa...

If you’re dealing with a mortgage payment increase, don’t panic—you have options. This video will help you understand why your payment changed and guide you through the next steps so you can stay in control of your home journey.

⏱️ Timestamps:
00:36 Reason #1: Escrow Account Adjustments
05:08 Reason #2: Temporary Buydown Period Ending
06:37 Reason #3: Adjustable Rate Mortgages (ARM) Resets
08:09 Reason #4: Private Mortgage Insurance (PMI) Changes
10:04 Reason #5: Interest-Only or Pay-Option Loans
10:25 Reason #6: New Fees or Charges
10:46 Reason #7: Services Mistakes
11:22 When to Seek Additional Help

HELPFUL RESOURCES
📌 Get FREE Access to Homebuyer and Seller Tools, Guides, and Resources: https://www.homejourneyadvisor.com/pa...
📌 Schedule A Time to Connect with a Pre-Screened Real Estate Agent:
https://www.homejourneyadvisor.com/pa...
📌 Upgrade to Finding the Best Agent for You with Agent Match Advantage:
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📌 Schedule A Time to Connect with a Mortgage Loan Expert:
https://www.homejourneyadvisor.com/pa...