The most common reason is due to a change in the amount of escrow we collect on your behalf. If your local taxes have changed, your escrow amount will change as well.
We collect escrow money equal to the last tax bill paid of record. On the anniversary date of your mortgage loan, we will send out an Escrow Disclosure statement to you. This statement will inform you if you need to adjust the amount you are currently paying into your escrow account.
There could be other situations that could affect your monthly mortgage payment. Contact a Third Federal Customer Service Representative to review your personal situation toll-free at 1-800-THIRDFED (1-800-844-7333).