Chase Mortgage raising bill payments each month?

[lilmaniac2 5,000+ posts]

Why shouldn't they raise the payments, your money is worth less now, so they want more of it

 

[mlstrass 5,000+ posts]

property taxes go up???

 

[Flipx99 5,000+ posts]

they can take anything they need to recover their assets.

No they can't.

 

[Upzaw2000]

I don't see why so many of yall hate on ARMs. I have one.
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some people its ok, they have longer term arms like 5-10 years which is good for people who dont intend on actually staying in the property for 30 years. Many people got arm loans with a 2 year adjustable rate period and fukd their credit by not paying bills and when it came time to refi....

1. they couldnt get approved because of their even shittier credit

2. the market is fukd, hardly anyone can get financing

#2 isnt their specific fault but after 2 years, they should have taken advantage of the low rate and got their credit up by the time the rate went up

 

[Flipx99 5,000+ posts]

property taxes go up???

Perhaps, but shouldn't be like that big of a jump. If it was small dollar, that is what I'd guess.

 

[Flipx99 5,000+ posts]

some people its ok, they have longer term arms like 5-10 years which is good for people who dont intend on actually staying in the property for 30 years. Many people got arm loans with a 2 year adjustable rate period and fukd their credit by not paying bills and when it came time to refi....1. they couldnt get approved because of their even shittier credit

2. the market is fukd, hardly anyone can get financing

#2 isnt their specific fault but after 2 years, they should have taken advantage of the low rate and got their credit up by the time the rate went up

I have 3/1 ARM and won't refinance. Well, I may depending.

 

[Upzaw2000]

Why shouldn't they raise the payments, your money is worth less now, so they want more of it

they must go by what ever the note states. If the note doesnt state they can raise their interest rate up monthly then they cant... and wont.

plus, heloc loans are the ones that change on a monthly basis.... you WILL know if you have a heloc loan.... this is not something the LEAST sophisticated customer can get, or even know of

 

[Jeremy M 10+ year member]

it could also be due to her home owners insurance going up...she probably has them tied into one payment.

 

[GAM3OVR 5,000+ posts]

Refinance to a flat interest rate. That floating shit is for retards.
/thread

x2, flat interest rate is the smartest thing the bank has come up with.

 

[Banana Balls 5,000+ posts]

Don't anybody feed this troll //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

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[Upzaw2000]

No they can't.

mortgage companies only take the house. no mortgage companies to date are going after garnishing paychecks or anything of that nature. if you dont pay=no house... the end.

 

[lilmaniac2 5,000+ posts]

they must go by what ever the note states. If the note doesnt state they can raise their interest rate up monthly then they cant... and wont.plus, heloc loans are the ones that change on a monthly basis.... you WILL know if you have a heloc loan.... this is not something the LEAST sophisticated customer can get, or even know of

it was a joke, hence the

 

[Upzaw2000]

Upzaw is a loan shark. I bet I could buy the house for sale across the street...I was thinking about it. It would be like Monopoly almost.

no loan shark.... lol.... i deal with the customers after the loan has been drawn up... hintz---- servicer.... we dont handle any drawing up of new loans.

 

[Flipx99 5,000+ posts]

All you do is collect the check...

 

[Upzaw2000]

All you do is collect the check...

yep and investors pay us to do so... we collect the check... handle foreclosure of the property and foreclosure sales.... taxes/insurance... the boring stuff.