How do property taxes and homeowners insurance affect my mortgage payment?
If your mortgage payment suddenly changed, don’t panic—it’s probably because your property taxes or homeowners insurance were updated.
At LENDERLINE, we make these payments on your behalf through an escrow account. Each month, a portion of your payment goes toward these expenses.
When taxes or premiums rise, we adjust your escrow amount to make sure everything stays current. You’ll always receive notice and a detailed escrow analysis explaining the changes.
What You Can Do:
- Review your statement carefully.
- Shop for lower-cost insurance.
- Challenge your property tax assessment if it seems too high.
We’re here to help you understand and manage every part of your payment—so there are no surprises down the road.
Even if you have been turned down by another lender, LENDERLINE has a loan program for you.
Call LENDERLINE at 1-888-661-7888 or complete this form to schedule a FREE mortgage consultation.