Why Did My Mortgage Go Up $700 Overnight?!

Why did my mortgage jump $700 in ONE month?! 😱 If you're a homeowner—especially if you bought a new construction house—unexpected escrow increases can make your head spin. In this video, I'll break down exactly how escrow accounts work, why your payments might suddenly spike, and how to handle it like a pro. We'll dive into the escrow analysis process, what happens if you overpay (hello refund!) or underpay (yikes, shortage), and tips to keep your monthly payment manageable. Plus, I'll share why I'm still incredibly grateful for NACA, even with this escrow surprise. 🔑 Need help getting financially prepared for NACA? Grab my Notion Money Mastery Toolkit → https://wilmamoneygrow.gumroad.com/l/... 🏡 MORE NACA RESOURCES: 📺 Binge my full NACA playlist here →    • Get NACA Qualified with NO Down Payment an...   📌 NACA Home Purchase Roadmap → https://wilmamoneygrow.gumroad.com/l/... 📌 Timestamps: 00:00:00 - Intro 00:00:31 - What is Escrow 00:01:05 - How Do Escrow Payments Work? 00:01:31 - Do I Need An Escrow Account? 00:01:48 - Why I Chose An Escrow 00:02:01 - Escrow Analysis Explained 00:02:30 - What Happens If You Overpay your Escrow 00:02:55 - What Happens If You Underpay your Escrow 00:03:16 - Why Is Everyone's Mortgage Going Up 00:03:30 - New Build Homes and Property Tax Surprises 00:04:04 - The Problem with Buying a New Construction House 00:04:47 - How To Keep Your Monthly Escrow Payment Low 00:05:11 - Avoid Being House Rich At All Cost 00:05:48 - Why I Am I So Grateful For NACA 00:07:03 - Thank YOU for Watching! 👇 Drop a comment: What’s one thing you wish you’d known before starting NACA? Let’s help each other out! 💡 Subscribe for More Home Buying & Money Tips! → @WilmaMoneyGrow If you found this video helpful, don’t keep it to yourself! 🙌🏾 LIKE this video, SUBSCRIBE for more NACA content, and SHARE it with someone who’s thinking about buying a home! The NACA process can be confusing, but together, we can make homeownership more accessible for everyone. Let’s spread the knowledge and help more people get the keys to their dream home! 🏡✨