Probably the payment went up because of the taxes or insurance. Or maybe they didn’t have an escrow account and didn’t pay taxes or insurance and it was force placed.
If you have a variable rate it could also go up for that reason. But most people when rates were low had fixed rate mortgages.
jeffw@lemmy.world 11 months ago
ARMs can go up. Generally not a great mortgage to get
Alexstarfire@lemmy.world 11 months ago
That has nothing to do with private entities.