My mortgage payment increased by three hundred dollars this month because of escrow adjustments and the bank explained it like I should have known this could happen, but no one ever made it clear when I signed.
More people experience this than they realize.
The complexity of mortgage products creates information asymmetries that allow institutions to shift risk and surprise onto borrowers.
“Where Are You with How banks work?”
If this sounds familiar, the Library can help you find the bigger picture.