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I received notice of an upcoming rate change on my adjustable-rate mortgage (ARM). Why did I receive this and what should I do now?

Generally, if you have an adjustable-rate mortgage (ARM), your mortgage servicer is required to send you an estimate of your new payment. If your interest rate is being reset for the first time, your lender must send you the estimate ...

Why did my monthly mortgage payment go up or change?

Several things can cause your mortgage payment to change. Check your mortgage statement or contact your servicer and ask them to explain. None There are several reasons why your monthly mortgage payment may have changed. Some examples include: You ...