Our House Payment went up to $200!!!
By Michele21
@Michele21 (3093)
United States
June 4, 2007 9:29pm CST
So I go on-line to pay our bills for the month and I go to pay our house payment, which is like $600...and now it is over $800!! WTF??? So my husband has to call and it has to do with the value of our home and it has increased in value so we are paying more taxes (which are paid through our mortgate company). So what a shock to have to come up with an extra $200. So now we have like no money for food or anything. We are talking with a relator tomorrow so we can sell our house! We were going to have to do it in a few months anyways because my husband is going to be stationed somewhere else but now we have to sell the house so we can eat =) How sh*tty is that?? Have you ever had a big bill shocker like this??
1 person likes this
4 responses
@Cassy1976 (796)
• Australia
5 Jun 07
Wow that is a huge jump!!! here in Australia we have interest hikes but I have never had my mortgage payment jump that much in one go, I hope that you guys will be able to find enough money to be able to eat and all of that, good luck with selling your house, I hope it all works out for you
2 people like this
@stephcjh (38473)
• United States
6 Jun 07
Oh my. This has happened to us in the past also, but it didn't go up $200.00. It went up quite a bit though. We refinanced our home to get the payment lower. I cannot see making an $800.00 house payment either. We cannot afford that. I would do what you are doing if all else failed because my family has to eat. It is getting to where people cannot afford anything these days.
@Thoroughrob (11742)
• United States
5 Jun 07
Ours went up $100. That is rediculous. I am sure that you haven't done any big improvements. We didn't either. They didn't even come to the house to evaluate the home. It was quite a shocker.
@mjgarcia (725)
• United States
5 Jun 07
We're going through the same thing. We got a letter from the morgtage company saying we owe them $1200. because of the increase in our taxes and that our payments will be going up almost $300. on top of the $1200. We checked into it and found that there was a Homestead exemption that we qualify for and that takes $15000 of the taxable part of the house. Instead of being taxed for $105,000 we will instead be taxed for $90,000. We can go back one year and that will cover what we owe the mortgage company. But we have to pay the higher rates until we can get the papers off the exemption and that can take a couple of months. See if your state has something comparable to help out.
1 person likes this
