{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Keys & Gears ","title":"Why Your Mortgage Payment Will Go Up Every Year (Even With a Fixed Rate) ","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/e744e927\"></iframe>","width":"100%","height":180,"duration":1041,"description":"Do you think your monthly house payment is locked in forever? Think again.In this week's episode of Keys and Gears, hosts Bess Dickson and Mark Liesner break down the hidden costs that catch homebuyers off guard, and explain why your \"fixed\" mortgage payment is anything but. Only your principal and interest stay the same. Everything else, especially your property taxes and insurance, can and will climb every single year.Bess and Mark walk through the pre-closing costs most buyers forget to budget for (inspections aren't free), the closing cost surprises tied to escrow accounts and prepaids, and why you might get a letter a year into owning your home saying you suddenly owe more. They also share the exact questions to ask your insurance broker and lender so you're never blindsided. This episode is your ultimate guide to getting those keys the smart way.\nJOIN OUR NEWSLETTER: Want exclusive market updates, home-buying checklists, and insider real estate tips delivered straight to your inbox?\n👉 Join our community by emailing us at: keysandgears@gmail.com\nIn this episode:Pre-Closing Costs: Why inspectors don't work for free, and what a $500–$1,000 home inspection actually covers\nOlder Homes, Extra Scrutiny: Why homes built before 1980 need an additional plumbing/video inspection\nThe Appraisal Surprise: How a rushed closing timeline can turn an $800 appraisal into a $1,300+ expense\nEscrow 101: What actually happens to your money when the lender sets up your escrow account at closing\nPrepaids Explained: Why you pay a full year of insurance upfront, plus 2–4 extra months into escrow\nThe Escrow Shortage Trap: Why your \"fixed\" payment goes up when taxes and insurance premiums rise\nThe Insurance Audit Habit: Why you should call your broker every 6 months and shop your coverage\nAfter a Claim: How to prevent your insurance rate from spiking, and why an impact-resistant roof matters\nRebuilding Costs: Why outdated dwelling coverage could leave you hundreds of thousands short...","thumbnail_url":"https://img.transistorcdn.com/4_5X16j7X8NPZraI37Q9SouEds3VbIodEDE9DnY9SH8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS84MmE3/MDQyMjU1Y2FkNzJh/OTBhNTYxODMzM2Q0/NGVlMy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}