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Personal Finance and Investing

bunnies

(15,859 posts)

10. We were faced with a lump sum bill of almost $4,000 or an increase of $600 /mo.

Reply to TygrBright (Original post)

Sun Mar 12, 2017, 08:45 PM

Mar 2017

All because our mortgage company calculated our escrow wrong. This was 6 months after buying our house.

But fwiw, they (loan depot) *did* give us the option youre looking for. And so does Suntrust, who is the company they sold our mortgage to.

That said, we went through a broker: Mortgage Masters, and they were great.

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Looking for Mortgage Lender Recommendations [View all] TygrBright Mar 2017 OP

My mortgage payments varied year to year Warpy Mar 2017 #1

Seems strange, but there appear to be no local El Norte banks holding their own mortgages any more. TygrBright Mar 2017 #3

Yes, my wonderful local bank was sold to a Texas outfit. Warpy Mar 2017 #5

If those are your only issues with your lender, count yourself lucky. Doodley Mar 2017 #2

As I say, we kicked Chase to the curb for MANY good and sufficient reasons. n/t TygrBright Mar 2017 #4

Switching to another lender means a new mortgage / refinance with huge new closing costs progree Mar 2017 #6

Yes, you see it. TygrBright Mar 2017 #8

What they did seems quite common, and doesn't seem to tick borrowers off. In fact, Hoyt Mar 2017 #7

Not me. TygrBright Mar 2017 #9

Good luck. Hoyt Mar 2017 #15

We were faced with a lump sum bill of almost $4,000 or an increase of $600 /mo. bunnies Mar 2017 #10

Wow! Talk about unpleasant surprises! TygrBright Mar 2017 #13

Good luck!! bunnies Mar 2017 #14

Maybe a Credit Union? Desert grandma Mar 2017 #11

Good idea, thanks. I do have a credit union membership but it's back in Minnesota. TygrBright Mar 2017 #12

Chase is the holder of my mortgage and I've had no problems with them. PoindexterOglethorpe Mar 2017 #16