General Discussion

70sEraVet

(4,198 posts)

14. I found a good (though slightly sad) article:

Tue Dec 3, 2024, 06:11 PM

Dec 3

These findings are supported by the LERETA survey, which found that 57% of respondents have experienced an increase in property taxes, while 38% have seen costs for homeowners insurance rise.

Escrow accounts also frequently handle mortgage insurance payments as conventional loan borrowers with less than 20% equity in their homes are required to have mortgage insurance. Federal Housing Administration (FHA) borrowers must pay mortgage insurance for the life of their loan regardless of equity levels. About 80% of all U.S. mortgage holders have an escrow account, LERETA reported.

The LERETA survey also found 36% of respondents with a fixed-rate mortgage believe their monthly payment cannot change, even though it can. And 28% are either “somewhat aware” or “not aware” that changes in escrow accounts can affect monthly payments.
https://finance.yahoo.com/news/many-homeowners-don-t-understand-224722167.html

I USED to have a bundled escrow mortgage, but, apparently, I was one of the ones who was only "somewhat aware' of how it worked!
Fools rush in.....

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The toopid is strong in this Trumper at work [View all] LilElf70 Dec 3 OP

Looks like you won that debate. Anytime you have someone walk away and mutter, you've won the argument. kerry-is-my-prez Dec 3 #1

Yeah, I don't know LilElf70 Dec 3 #3

That's called cognitive dissonance. kerry-is-my-prez Dec 3 #24

I don't think we ever actually win with such people PatSeg Dec 3 #8

my brother just says "hmph" barbtries Dec 3 #13

Yes, much like a petulant child PatSeg Dec 4 #59

very much like a petulant child. barbtries Dec 4 #61

My Signature Line... JoseBalow Dec 3 #22

Let them think Trump will fix it. yardwork Dec 3 #2

they will be homeless before they blame dear leader rampartd Dec 3 #5

And of course Obama PatSeg Dec 3 #9

Yes. sheshe2 Dec 4 #53

They never got over a black man PatSeg Dec 4 #60

And Hillary Clinton for some reason. Ray Bruns Dec 4 #56

Yes, apparently the only thing worse than PatSeg Dec 4 #62

Don't forget Clinton, the Great Clenis! travelingthrulife Dec 4 #63

Trump can fck it up. COL Mustard Dec 3 #23

They will say Biden set the economy up to fail. And that the "Democrat Resistance" prevented tRump from fixing it. nmmi Dec 3 #25

Rates are going down. If his mortgage went up Demobrat Dec 3 #4

Sounds like he is also one of those minimum payment Credit Card people too Historic NY Dec 4 #55

The kind who consolidates all of his balances Demobrat Dec 4 #68

MAGAts are not bright human beings Dem4life1234 Dec 3 #6

Well, I risk revealing my own stupidity in these matters, but..... 70sEraVet Dec 3 #7

Good question leftieNanner Dec 3 #10

I found a good (though slightly sad) article: 70sEraVet Dec 3 #14

It's common sense LilElf70 Dec 3 #40

I asked him exactly that. LilElf70 Dec 3 #12

Yeah, not having a fixed rate sounds like a bad place to be in. 70sEraVet Dec 3 #38

It all comes down to LilElf70 Dec 3 #39

Don't confuse homeowners insurance with mortgage insurance genxlib Dec 4 #66

I hope he took out an ARM in the last two years. Norbert Dec 3 #11

So - - - AverageOldGuy Dec 3 #15

Is it cold where you live, living in a tent after he loses the house? 3Hotdogs Dec 3 #16

"My mortgage went up again..." J_William_Ryan Dec 3 #17

My point exactly LilElf70 Dec 3 #20

They have some mortgages where you don't have to pay for 5 years kerry-is-my-prez Dec 3 #47

I think that a lot of people these days are living in teevee land. They watch shows where japple Dec 3 #18

You hit the nail on the head, so many live beyond their means. Growing up poor taught me how to scrimp, buy iluvtennis Dec 3 #32

My 30-year mortgage is a fixed rate mortgage FakeNoose Dec 3 #19

Only 3 more years to go! Hurray!! Dave says Dec 3 #26

Congrats LilElf70 Dec 3 #29

Thanks that's a great suggestion FakeNoose Dec 3 #33

He's apparently got a variable rate mortgage. paleotn Dec 3 #34

We have a fixed rate mortgage at a very low rate. COL Mustard Dec 3 #21

He has no fixed rate LilElf70 Dec 3 #28

I understand there will work in the field .. relayerbob Dec 4 #58

Critical Thinking djacq Dec 3 #27

This is one reason why it is so hard for Dems to "message" and win. spooky3 Dec 3 #30

Comment heard::: groceries will go down by half once Trump gets in office. keithbvadu2 Dec 3 #31

And China will "go broke" paying tariffs to the US FakeNoose Dec 3 #35

The con man said so LilElf70 Dec 3 #36

Deleted by author kerry-is-my-prez Dec 3 #44

There's going to be a lot of pissed off Trumpsters come Jan or Feb kerry-is-my-prez Dec 3 #49

Faux Noise is going to make all better for them FakeNoose Dec 3 #51

I think it will take a little longer. Demobrat Dec 4 #70

Biden or a democrat is responsible for their problems in life, just ask them. republianmushroom Dec 3 #37

I worked with a moving guy recently who told me the government controls the weather and that's why the weather kimbutgar Dec 3 #41

MTG, why can't you republicans control the weather? keithbvadu2 Dec 3 #45

VARIABLE rate, oooh (massive shudder) Montauk6 Dec 3 #42

Could be worse . . . hatrack Dec 3 #50

A neighbor had one of those loans but had a friend who is a mortgage broker who spent a lot of time helping her. kerry-is-my-prez Dec 3 #43

More than 75,000,000 of us are just like him. RVN VET71 Dec 3 #46

Absolutely no thought process at all. Describes the conservative base perfectly. Glaisne Dec 3 #48

Faux News tells them that it's all the Dems fault RainCaster Dec 4 #52

Yeah ReRe Dec 4 #54

Another question would be when did he get that loan? relayerbob Dec 4 #57

I'd say you're right. LilElf70 Dec 4 #69

Strictly rhetorical, I assure you relayerbob Dec 4 #72

MAGAts have become FQX News....... KS Toronado Dec 4 #64

In the massive tariff inflationary coming event he will be rendered... NNadir Dec 4 #65

They're also dumber than rocks. Joinfortmill Dec 4 #67

After 5 years he doesn't have enough equity to refinance Demobrat Dec 4 #71