I plan on speaking to Wells Fargo tomorrow. I just got a letter stating that I am projected to have an account shortage of $353.75, and as a result I have two ways to pay:
- Pay the $350 now and my overall mortgage payment increases by something like $18.
- Don't pay the $350 and it increases by around $50.
However, looking at the statement and the projections, neither my tax or insurance are projected to increase. They expect to pay the same amount in taxes as they did last year so I do not understand why they're pushing this increase on me.
Also, looking back through the statement there's 2 months where I don't see the escrow payment I made actually make it into the account at all. From December to January the balance doesn't increase despite me making my regular payment. It shows $0 for "actual deposits to escrow".
That seems like a mistake to me. I also see this in August 2018.
As I said I'll give them a call tomorrow, and I recognize this isn't a huge increase but it seems rather suspicious given that neither my tax or insurance are increasing.
Submitted March 04, 2019 at 09:19PM by petermal67 https://ift.tt/2Vw6Xda
