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With an adjustable-rate mortgage, it should not surprise you when your mortgage payment varies. But did you know that even with a fixed rate your payment can increase?

With an adjustable-rate mortgage, it should not surprise you when your mortgage payment varies. But did you know that even with a fixed rate your payment can increase?

Although your monthly payment with a fixed-rate mortgage shouldn't vary wildly, there are reasons why it won't always be the same.

  1. It's property tax assessment time
  2. It's homeowners insurance renewal time
  3. There's a low balance in your escrow account
  4. Lender error

Check out this article from AOL Finance to learn more about each of these changes and how you can predict it.

http://www.aol.com/article/2016/05/26/4-signs-your-mortgage-payment-is-about-to-go-up/21384493/


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