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Message
My mortagage payment has gone up $234/month in less than a years time!!!!!!!
Posted on 1/31/12 at 1:13 pm
Posted on 1/31/12 at 1:13 pm
Most of that due to stupid State Farm raising their premiums because of all the sink holes claims and fraud around here. For a 1500 s.f. home valued at less than 150k I'm paying over 2,200/year. What kind of rates do you guys in Louisiana pay? Is my rate crazy or what? We did pass a millage increase for property tax for schools but that was just a couple hundred a year. My overall home value is less now than when I bought 8 years ago (and that was before the real boom in real estate hit). I'm making less money now but the cost of everything just keeps going up and up. Haven't gotten a raise in 3 years, benefits cut where will it end????
This post was edited on 1/31/12 at 3:45 pm
9
Posted on 1/31/12 at 1:16 pm to otowntiger
quote:
because of all the sink holes claims and fraud around here
yeah um no its not.
And shop your insurance dummy
This post was edited on 1/31/12 at 1:20 pm
Posted on 1/31/12 at 1:22 pm to Chad504boy
Um, yeah, that's whats being said around here. Its in the news dummy. What would you know, you're from NC?
Posted on 1/31/12 at 1:23 pm to otowntiger
oh, and yes I'm shopping, believe me, oh believe me.
Posted on 1/31/12 at 1:25 pm to otowntiger
quote:
that's whats being said around here.
quote:
What would you know, you're from NC?
you believe anything you see and hear huh.
And what the hell is O town?
This post was edited on 1/31/12 at 1:26 pm
Posted on 1/31/12 at 1:33 pm to otowntiger
1% a year for HO ins is a fair rule of thumb. You're probably paying $300-$500 too much.
Posted on 1/31/12 at 1:47 pm to otowntiger
Mortgage =/= insurance.
Posted on 1/31/12 at 2:34 pm to foshizzle
Want your monthly note to stay the same? Don't escrow.
Posted on 1/31/12 at 2:43 pm to otowntiger
So your monthly escrow payment increased by a whopping 25 bucks? Shop around for a better rate, until then, buy one less case of beer per month. Not very hard. Check out bankers, I pay less around 900/annually with a slightly larger home.
Posted on 1/31/12 at 3:19 pm to TigerDeBaiter
quote:
So your monthly escrow payment increased by a whopping 25 bucks? Shop around for a better rate, until then, buy one less case of beer per month. Not very hard. Check out bankers, I pay less around 900/annually with a slightly larger home.
No, $234/month!!!!! 
Posted on 1/31/12 at 3:21 pm to Chad504boy
quote:Yes if it's reported by multiple news outlets and State Farm used it to request their rate increases to the State's Insurance regulation board, then yes I would believe it.
you believe anything you see and hear huh.
Posted on 1/31/12 at 3:25 pm to otowntiger
You need to shop around. My rates kept going up a lot each year. I made a switch and cut my rate by $1,200 a year.
Posted on 1/31/12 at 3:27 pm to TigerDeBaiter
quote:Thanks. Never heard of 'Bankers'. Are they a national company? If you are only paying 900/year that's a great deal compared to me. I'm at 2200 with State Farm. 8 years ago we were around 1000k when we bought the home.
Check out bankers, I pay less around 900/annually with a slightly larger home
This post was edited on 1/31/12 at 3:30 pm
Posted on 1/31/12 at 3:29 pm to foshizzle
quote:Yeah, I realize that, I should have just stated that my insurance has gone up ridiculously, but that coupled with a tax increase makes this even worse in such a short time. Especially when my home value is decreasing still.
Mortgage =/= insurance
Posted on 1/31/12 at 3:31 pm to Tigersfan
quote:
Want your monthly note to stay the same? Don't escrow.
Duh, but what about that huge one time hit at the end of each year? Doesn't make any difference really.Posted on 1/31/12 at 3:36 pm to otowntiger
My policy is over 200k and I pay just over 900 a year. Liberty Mutual
Posted on 1/31/12 at 3:43 pm to Chad504boy
Posted on 1/31/12 at 3:43 pm to Catman88
quote:Thanks, I'll check them out....That a good deal!
My policy is over 200k and I pay just over 900 a year. Liberty Mutual
Posted on 1/31/12 at 3:50 pm to otowntiger
quote:
$234/month!!!!!
That's over $2800 annually. How is this possible with just a rate increase from State Farm? Are you on an ARM or something as well? Have you ever filed a homestead exemption? These numbers sounds insane, something is off.
Yeah, Bankers is a national company. They are legit.
Posted on 1/31/12 at 3:53 pm to Catman88
quote:
Liberty Mutual
This is who I use and pay $1,587.
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