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04-20-2011, 09:11 PM
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Can my escrow payments double my original mortgage...
...amount? So my original mortgage amount whenever I bought my house was $950 a month, and I was told because of my escrow it would more than likely go up to around $1200 a month after the first year. I have no issues with that; however, my mortgage for this month is now $1800 because of "escrow"! Is it possible for my mortgage to double because of escrow?We bought the house at a fixed rate of 5%, would that affect anything?
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