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Why did my mortgage payment amount change?

There may be several reasons. Some mortgages, such as ARM loans, provide for periodic adjustments to your principal and interest payment amount. A second reason for a change may be due to an annual analysis of your escrow account. In compliance with the Real Estate Settlement Procedures Act (RESPA), you will receive an Annual Escrow Disclosure Statement, which shows the adjustment to your escrow payment based on current tax and insurance amounts.

 

 

 


081073
visitors since 7/21/2009

Kenny Wendeburg
Liberty Mortgage
Ph: 281-542-7392  -  Fax: 281-542-6858
4802 Center Street
Deer Park, TX 77536
License # 1264
www.libertymtgusa.com

 

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