I refi'ed last year to lower my payment from 1300/month to 900/month. Not sure of where else to go, I went with New American Funding for the new mortgage company. After a few tax bills from the county, I reached out to NAF to get reassurance that they were paying the property taxes, which is required since I have a VA loan.
I just got notification in the mail that the payment is going from 900 to 1400 to cover the escrow deficit that the tax bill will cause. At some point the payment will flatten back out, but it won't be the 900 payment I thought I'd have when I paid for the refi. I feel like the refinance was a bait and switch if they didn't calculate the proper costs. This feels like something the mortgage company should at least acknowledge as their mistake, and I'm thinking about contacting the VA and/or a lawyer.
So what would reddit do? Lesson learned or should I make a scene?
Submitted August 04, 2021 at 06:12AM by t30ne https://ift.tt/3xlYpbC
