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dsc

(52,685 posts)

9. Not necessarily January

Reply to jimfields33 (Reply #1)

Fri Oct 4, 2024, 04:24 PM

Oct 4

my date for annual escrow adjustment is July. But it is once a year. Mine when down about $10 thanks to taxes being lower than expected but insurance going up.

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We just got a letter telling us our monthly mortgage payment is going down. [View all] GumboYaYa Oct 4 OP

You must have a variable interest rate. jimfields33 Oct 4 #1

Not necessarily January dsc Oct 4 #9

I hope mine goes down. lol. Even 10 bucks would be nice. jimfields33 Oct 4 #10

What is the reason? thinkingagain Oct 4 #2

My 20y rate DeepWinter Oct 4 #3

Variable rate mortgage? Bmoboy Oct 4 #4

Never understood why anyone would take out a variable rate mortgage MichMan Oct 4 #5

When the rates are HIGH, it makes sense to get a variable rate so you can benefit from when it lowers. Jmb 4 Harris-Walz Oct 4 #6

I did in 2004. Low rate locked moonscape Oct 4 #7

Me too this was about 2 months ago. And my Insurance also went down. doublethink Oct 4 #8