Dovenmuehle Mortgage Inc. Mortgage Complaint

Dovenmuehle Mortgage Inc. Mortgage department,

FHA mortgage Loan servicing, payments, escrow account Texas

I received a letter telling me my mortgage was going up to - per month from -. The reason I 'm being given is that my escrow was short. According to the servicer 's records, in -/-/-, my starting balance in my escrow account was -. I refinanced my home -/-/- with - -, whom allows their mortgages to be serviced by Dovenmuehl. At that time, my interest dropped by .75 %, as well, my MIP went. From - per month to -. My previous mortgage had just gone up to around - due to an increase in hazard insurance premiums from - to -, which was our reason for the streamline refinance outside of the obvious savings we would get with the lower interest and lower MIP. Further, once our refinance went through, we switched our hazard insurance to - to get a lower premium of -. This took place on -/-/-. Our current policy expires in - of -. During our refinance, our HUD indicated that our taxes were -. It apparently went up a bit.


higher monthly amount of -. I 'm no - .... And there is no way you can tell me that my MIP of - ; county tax of - ; and hazard insurance of - totals -, which is what my escrow balance would be before paying out MIP, tax, and hazard insurance .... What it appear occurred is that they are showing that my hazard insurance is due, which was already paid in full for the year, plus the difference in taxes paid compared to the amount showing on the HUD. Either way, in -/-/-, my balance was -. Deduct the - for insurance in - and my account would have been -. Then, Add to that -/-/-, -/-/-, and -/-/- escrow payments of - ( - x - = - ) and the total escrow would be -. Reduce that amount by - ( 3 months of MIP OF - ) and the total is -. Now take that amount and deduct the - in taxes paid in -/-/- and the amount is -. Then, -/-/- 's payment would bring the escrow balance to - after deducting MIP. -/-/- 's payment would bring it back to - AFTER DEDUCTING MIP. We are now in -. So, if you add the - - - less MIP ) we are back up to -. Since our hazard insurance is not up for renewal until -/-/-, we would have 6 months paying - after our MIP is deducted. This would get our escrow balance to -. This more than covers our - premium and leaves a balance of -. Adding 3 months at - per month again brings our balance back to -. Since taxes are due before -/-/- payment will be processed, we 'd still be negative, and I agree that we should not go too far negative. However Using the same math and having - by -/-/- if you added - to our escrow payment every month, after insurance is deducted and once -/-/- 's payment is received and after taxes were paid, you would have an excess balance of - .... Our payment would be manageable and would be - ( - P & I + - escrow ) ... .. In other words, there is absolutely no reason that some - came up with a - higher payment ....