Video Transcript:
Your first-year mortgage payment was low, but then it jumped unexpectedly high. This is not a mistake; it’s a system built with a very common flaw. I'm David Ghazaryan, and my work is to structure loans correctly. Lenders use the seller’s old tax numbers, which creates a guaranteed payment increase later. The county sees the new high price you paid for the house. They then change their records to match your purchase price for next year’s tax bill. You can calculate the real number yourself before this ever happens. Take your home’s true price and multiply it by the correct local tax rate. The lender finds they did not collect enough money. Your new payment must cover the higher bill plus the money you now owe from last year. This controlled approach keeps you firmly in charge. I detail these systems on my social platforms and website. See the links in the description below.
Read Blog Here: https://www.iqratemortgages.com/blog/why-did-my-houston-mortgage-payment-suddenly-increase
