Understanding the Four Parts of a Mortgage Payment Let’s connect and talk about the latest insights in the industry! #northcarolinarealestate #charlotterealestate #cltrealestate #charlotterealtor #ncrealtor #ncrealtors #raleighrealestate #raleighrealtor #durhamrealtor #clthomes | Military Family Realty
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How is a mortgage payment calculated? It’s based on three things: how much you borrow, your rate, and how long you take to pay it back. Want to know what your payment would be? Let’s chat and I’ll do the math for you! 👩🏼‍💻 Colleen 📞 236•638•3315 #mortgageeducation #mortgagetips #canadianhomebuyers #mortgagesimplified #mortgagebroker | Mortgages by Colleen Haslett
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Mortgage Payment Structure Explained With Example
Mortgage Payment Structure Explained With Example
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Do you pay a mortgage? Don’t make another mortgage payment before know where your money is going. Understanding the four components of a mortgage payment can help you better manage your finances. Here they are: 1. Principal - This is the amount of money you borrow to purchase the property. Each mortgage payment you make goes towards paying down the principal amount. 2. Interest - This is the cost of borrowing money from the lender. Your interest rate is based on your credit score, the loan amoun
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If you want to pay off your mortgage early, focus on making additional payments! Make sure your additional payments are being applied to the principal balance on the loan! #budget #budgeting #tips #mortgage #homebuyingtips | Ashallaboutmoney
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