08/07/2026
Nick Hussey of The Hussey Team is here to talk about why your mortgage payment might increase seemingly out of nowhere.
• Escrow shortages occur when property taxes or homeowners insurance premiums increase mid-year, but borrowers continue paying based on their previous, lower amounts, causing the lender to discover insufficient funds when the actual bills arrive for payment.
• Borrowers can opt out of escrow by managing property taxes and insurance payments independently, potentially earning interest on funds while maintaining control over payment timing and amounts.
• When mortgage payments increase unexpectedly, borrowers should contact their mortgage advisor immediately to receive an explanation of the escrow analysis and explore available options for managing the adjusted payment structure.
If you have questions for us, hit us up on the Hussey Hotline at (484) 353-6141! (CALL OR TEXT!)