Why does your Monthly Mortgage Payment Increase Every Year?

Why is your monthly mortgage payment going up every year? Regardless if you have a fixed interest rate or not...you might have noticed that your monthly payment rose this year. In this video, we'll explain why your mortgage payment is increasing and what you can do to keep it under control. Principal Interest Taxes Insurance 0:00 Intro 0:43 What is in a Mortgage Payment? 1:27 Principal Interest 1:51 Taxes Insurance 2:53 Home Insurance Premiums 👋 Jaime Resendiz, 0686451 🏆 Brokered by: eXp Realty, 603392 My Favorites Buyer’s Blueprint - https://thedfwhomeowner.com/home-buying-checklist Seller’s Blueprint - https://thedfwhomeowner.com/home-selling-checklist Connect 🏘️ Home Search: https://jaimeresendiz.exprealty.com/ 📱 Instagram: https://www.instagram.com/jaimersndz/ Real Estate Agents 👩‍💼👨‍💼 We're Hiring Now https://jaimeresendiz.com/partner Disclosures 🔎 Sources: Niche, Wikipedia, TravelTime, Census, Google, NTREIS 😀 Info provided is opinion and for entertainment purposes. 💰 Links shared may be affiliate links to products or services. We may receive a commission, discount or benefit for purchases made through these links. 👉 TREC Information About Brokerages Service https://thedfwhomeowner.com/iabs 👉 TREC Consumer Protection Notice https://thedfwhomeowner.com/consumer Why does your Monthly Mortgage Payment Increase Every Year? #homepayment #mortgage #jaimeresendiz