Category: Intro to Mortgages

Three Types of Mortgage Payments
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Three Types of Mortgage Payments

The terms used in the mortgage industry can be confusing. A mortgage payment looks like one large payment, but it is actually made up of several different parts. The main parts of payments are principal and interest. The amount of your monthly mortgage payment is based on your loan amortization, which is the time it...

Navigating Closing Costs
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Navigating Closing Costs

It's easy to forget about the cost of closing on a home. And more often than not, buyers are surprised by how expensive closing costs can be. It's important to be aware of what closing costs are so you can make educated decisions about your mortgage.