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Rants & Gems Real Estate Podcast

Rants and Gems #101 Why Your Mortgage Payment Will Increase in 2023

Rants & Gems Real Estate Podcast

EYL Network

Business, Investing

4.91.3K Ratings

🗓️ 19 July 2023

⏱️ 59 minutes

🧾️ Download transcript

Summary

In this episode MG breaks down escrow account and why your mortgage payment will increase every year.



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Transcript

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0:00.0

At TFL, we're making journeys safer for everyone, and that includes improving safety on London's roads.

0:07.4

That's why we and London boroughs are lowering more speed limits to 20 miles per hour,

0:12.3

because 20 miles per hour roads have already reduced collisions resulting in deaths or

0:16.8

serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone.

0:24.8

Such TFL improvement plan to the Mayor of London and TFL every journey matters.

0:30.2

Here's why your mortgage payment will increase in 2023, 2024, and beyond.

0:37.6

Welcome back to the channel. This is Matt Garland in MLS number 5, 8700.

0:42.4

Better known as MG the mortgage guy. We got my guy at Tools Productions.

0:47.0

Here with us today, as always, just not going to say no, but he just smiles.

0:54.4

Because he normally don't excuse me so soon.

0:56.4

Well, I know. We're trying things differently now. Who cares?

1:00.2

Okay. All right. Straight to the point today, huh?

1:02.4

We got to get to the point. I like that.

1:04.3

All right. So let's talk about why your mortgage payment is going to increase.

1:09.0

I actually just questioned offline. Yeah. I'm actually the question to get.

1:12.4

Okay. Do you know what an escrow account is?

1:15.7

Does it have anything to do with business at all?

1:18.0

No. Okay. Because I always, I always thought that I had to do with business.

1:20.8

Did he hate saying this song?

1:22.4

Yes. It does have to do with business.

1:24.1

But escrow account pertains to your mortgage payments.

1:29.8

No. I know.

...

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