How some people got stuck with a higher mortgage payment!

For most homeowners, the monthly mortgage payments include three separate parts:

Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the County Tax Assessor and property insurance company. Make sure you know what these may increase to in the next few years.  DON'T GET STUCK!!!