Home Buying Center
making smart "buying a home" decisions
home buying tip: week of July 21
THE ESCROW PAYMENT
Understanding the full cost of a mortgage is an important analysis when making an mortgage application with a lender. The full cost includes insurance, taxes, and the loan.
The Four Elements of a Mortgage Loan
Your home loan consists of four elements, two that you are probably aware of, and those are the principal and interest. Two additional elements, taxes and insurance, must also be considered when applying for a loan.
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