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Lender blames escrow shortage for $400 increase in monthly mortgage payment (Washington Post)

March 12, 2010 by · Leave a Comment 

Q: We have owned our house for many years, and the lender has always escrowed money to pay our real estate taxes and insurance. This year, we received a notice from the lender that our monthly mortgage payment will increase by over $400 because there is an escrow shortage

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Lender blames escrow shortage for $400 increase in monthly mortgage payment (Washington Post)

our-house

Factors to consider in paying down the mortgage (Washington Post)

February 26, 2010 by admin · Leave a Comment 

We are still in our house almost 2 1/2 years after refinancing, and the rate on our interest-only mortgage is 6.5 percent. If I have $10,000 that I will not need in the foreseeable future, can I send that amount with our next payment to help pay down the principal on the loan? Or am I better off…

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Factors to consider in paying down the mortgage (Washington Post)