Why Do Escrow Payments Change Annually?

Ever wonder why your mortgage escrow payment seems to fluctuate year after year? It's a common question that can leave homeowners puzzled. This video breaks down the core reasons behind these annual adjustments, so you can understand and anticipate changes to your monthly payment. You'll learn: ► The primary factors that cause escrow payments to shift each year. ► How property tax reassessments directly impact your monthly housing costs. ► The role of home insurance premiums in your escrow account balance. ► Why lenders adjust escrow amounts and what those adjustments mean for you. #EscrowPayments, #PropertyTaxes, #Homeownership, #RealEstateTips