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18 Unexpected And Frustrating Problems With Homeownership

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4.

“I didn’t realize that my monthly mortgage payments could go up since it’s all tied to escrow. I never considered that my property taxes would increase, period. In my mind, I was locked into a certain payment amount for the rest of my life. The joke’s on me — in my first year of homeownership, it went up $50 a month. I’m barely making it by as it is with my old payment.”

—Anonymous, 36, New Hampshire

“The year after purchasing, my property taxes went up. Therefore my mortgage went up. This happened three years in a row.”

anicole2005



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