u/Large-Wealth8002

I recently received notification from my mortgage lender that a new mortgage analysis had been completed. When I reached out to to better understand why there was another analysis done. Since there was one performed in January 2026, I was told these analysis are triggered each time you change your homeowners insurance. It’s true, I just recently moved my homeowners insurance to a new company. I did not realize this nuance. I’m sharing my experience in the hopes, this will help others when considering changing your homeowners insurance companies doing so, triggers, your mortgage lender to perform a new assessment. Which could also raise your mortgage payment.
In January 2026, I had a short fall in my escrow account and if not paid, my mortgage would be increasing. You can imagine my surprise learning a second analysis was performed 2 1/2 months later and finding out my mortgage payment is scheduled to increase for a second time. I didn’t realize changing your homeowners insurance policy would trigger a Morgage assessment/analysis to be performed. This is something to consider when deciding on changing insurance companies. After receiving the newest bill, the amount being requested is almost exactly the amount of ‘savings.’ I was scheduled to put back in to my budget.