Why Did My Mortgage Payment Just Spike? Understanding the Common Causes
Common Causes So, you just got a mortgage statement in the mail, and your monthly payment has gone up. You’re confused, maybe even a little worried—and you're definitely not alone. This happens to homeowners all the time, and the cause is often something that’s both common and solvable. Let’s break down the most likely reasons your mortgage payment may have increased and what you can do about it.