Georgia Homeowners Gain Awareness of Rising Hidden Costs

Georgia homeowners face a 58% rise in escrow payments since 2019, now making up about 27% of monthly mortgage costs. Escrow covers property taxes and insurance, which have increased due to higher premiums and tax assessments, especially in the South and Midwest. This rise strains budgets, risks mortgage delinquency, and challenges affordability, urging homeowners to monitor escrow costs closely.