Home Loan Payment Breakdown

Home Loan Payment Breakdown

Calculate your mortgage payments here PITI (Principal, Interest, Taxes, and Insurance) make up your monthly payments PMI is sometimes required but MPI is always optional. HOA prices increased by 4% from 2005-2015 Purchasing a home can come with a lot of new...
5/1 ARM Explained

5/1 ARM Explained

  5/1 ARM home loan – 5 years same interest rate, then it adjusts each year after ARMs can have minimum and maximum interest rate amounts 5/1 ARM great for short-term purchases What is a 5/1 ARM? A 5/1 ARM (Adjustable Rate Mortgage) combines elements of a...
APR vs Interest Rate Home Loan

APR vs Interest Rate Home Loan

APR – a combined percentage of interest rate, fees, and other costs Interest Rate – percentage of the principal loan charged for borrowing money Understanding APR vs Interest Rate can help you pick the right home loan Home buyers searching for their dream home come...
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