Complaint / Review
Chase Bank
Mortgage Payment Raised by $100 Over Escrow Shortage and Cushion

Chase bank just increase my house payment by $100 a month. When they paid my property taxes my escrow was short $480. So I expected my payment to go up $40-45 a month. But no. Chase bank decides that they want a 2 month cushion in the account along with the increase of 40 a month. So not only do I have to scrape together another $100 a month but they get to sit on this extra $800 a year without having to pay me any interest. And when I asked what would happen next year... If my payment would go down because they have their cushion, I was told no that the payment would stay the same.