Why Did My Annual Escrow Payment Change?

Ever wonder why your annual escrow payment suddenly shifts? This video dives into the common reasons behind those changes, helping you understand what influences your monthly housing costs. In this video, you'll discover: ► Key factors that impact your escrow account annually, such as property tax and insurance adjustments. ► How local tax rate changes or property reassessments can lead to payment fluctuations. ► The role of your homeowner's insurance policy in determining your escrow amount. ► Why escrow account analyses are conducted and what they mean for your budget. ► Practical steps you can take to understand and manage changes to your escrow payment. #EscrowPayments, #HomeInvesting, #RealEstateTips, #Mortgage, #PropertyTaxes, #Homeownership