Did your monthly payment go up even though you have a fixed-rate mortgage?

You're not crazy—it's likely due to rising property taxes and homeowners' insurance, not your interest rate. This is a common point of confusion for homeowners. When you have a fixed-rate loan, your interest rate stays the same for the life of the loan. However, the other components of your monthly payment—taxes and insurance—are held in your escrow account and can change. As property values and insurance costs increase, your mortgage payment will be adjusted to cover those rising expenses. Want a clear breakdown of your monthly payment and how to manage these changes? DM me for a free consultation. Let's make sure you're confident about your home loan. Follow me for expert tips, updates, and all things mortgage! Let’s connect today! 📞336-455-3444. Follow me on: ▶ Instagram: instagram.com/mortgagewithrjmeyerhoffer ▶ Facebook: facebook.com/RJTHEMORTGAGEGUY ▶ LinkedIn: linkedin.com/in/rj-meyerhoffer-48547718 Subscribe NOW for more mortgage/real estate/finance straight talk: ▶ / @mortgagewithrj . Business inquiries, contact me at ▶ [email protected]. Visit my website for more info ▶ https://rate.com/