☭ Blursty ☭@lemmygrad.ml to World News@lemmy.ml · 1 year agoUS Sees Highest Ever Increase in Povertyconsortiumnews.comexternal-linkmessage-square30fedilinkarrow-up1198arrow-down110
arrow-up1188arrow-down1external-linkUS Sees Highest Ever Increase in Povertyconsortiumnews.com☭ Blursty ☭@lemmygrad.ml to World News@lemmy.ml · 1 year agomessage-square30fedilink
minus-squarekrolden@lemmy.mllinkfedilinkarrow-up19arrow-down1·1 year agoOur mortgage payment is going up $125/mo because property values went up. Idk how in gonna afford that
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down6·edit-21 year agoEdit. Sounds like OP might be talking about property taxes, not mortgage principal. ——- ? It sounds like you have an adjustable rate mortgage. If so, it is the national interest rate that is driving that up. Your increased property value doesn’t drive up your mortgage. That is fixed.
minus-squareAdolfSchmitler@lemmy.worldlinkfedilinkarrow-up2arrow-down2·1 year agoAre you in the U.S.? We have 30 year fixed mortgages here your monthly payment shouldn’t be going up. Or did you mean property taxes?
minus-squareHoomod@lemmy.worldlinkfedilinkarrow-up3·1 year agoMany mortgages just have the property taxes rolled into them So it’s probably property taxes, but it’s showing up on the mortgage payment
Our mortgage payment is going up $125/mo because property values went up. Idk how in gonna afford that
Edit. Sounds like OP might be talking about property taxes, not mortgage principal.
——-
?
It sounds like you have an adjustable rate mortgage. If so, it is the national interest rate that is driving that up.
Your increased property value doesn’t drive up your mortgage. That is fixed.
Are you in the U.S.? We have 30 year fixed mortgages here your monthly payment shouldn’t be going up. Or did you mean property taxes?
Many mortgages just have the property taxes rolled into them
So it’s probably property taxes, but it’s showing up on the mortgage payment