hello, i’m jada. my mortgage payments are supposed to be the same each month. i have a fixed interest rate…

hello, i’m jada. my mortgage payments are supposed to be the same each month. i have a fixed interest rate. why did my lender notify me that my monthly payment is increasing by $46? a. jada decided to pay for insurance herself. b. her property taxes increased. c. the equity in her home increased.

hello, i’m jada. my mortgage payments are supposed to be the same each month. i have a fixed interest rate. why did my lender notify me that my monthly payment is increasing by $46? a. jada decided to pay for insurance herself. b. her property taxes increased. c. the equity in her home increased.

Answer

Brief Explanations:

Mortgage payments often include property - tax escrow. An increase in property taxes can lead to a higher monthly mortgage payment. Paying insurance herself would likely reduce the payment, and an increase in home equity doesn't directly affect the monthly payment amount.

Answer:

B. Her property taxes increased.