Question on why increase pmts on fixed rate

This is a discussion on Question on why increase pmts on fixed rate within the Mortgages, Refinancing, Foreclosure forum, part of the Buying & Selling Property category; I thought when u purchase a house on a fixed rate for example 720.00 a month and then they send ...

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Old Apr 4th, 2008, 08:09 AM   #1
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Angry Question on why increase pmts on fixed rate

I thought when u purchase a house on a fixed rate for example 720.00 a month and then they send a letter telling you ur fixed rate is increased to 790.00 due to tax and insurance. I thought that if u signed a contract for that amount it stays that amount. plz let me know cuz now i am upset for this increase.
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