Why Did My Mortgage Payment Go Up?! (Fixed Rate Explained Simply)

Most homeowners assume a fixed-rate mortgage means the payment will never change — but that’s not exactly true. Even with a fixed rate, property taxes and homeowners insurance can rise over time, and when that happens, the lender adjusts your escrow (impound) account. That adjustment is what causes your monthly mortgage payment to increase. In this video, I break down how it works in simple terms and how to avoid surprises in the future. 💬 Want a personalized breakdown based on your loan? Comment “PAYMENT” or send me a message and I’ll walk you through it. 👇 Connect with me 📍 Alex Sherman | Sacramento Realtor 🔗 https://msha.ke/propertiesbyalex