There are FOUR Parts to Your Mortgage Payment
Channel: Brenda Casas Mortgage
Date: 30/05/2023

🏡 Thinking about buying a house? It's a major decision that comes with a sense of responsibility. But let's talk about what really matters: the monthly payment. 💰

When you consider the monthly payment, it includes several components: principal, interest, taxes, and insurance.

To make things convenient, both taxes and insurance are paid through an escrow account. This means your lender handles the payments once a year, and they recover the funds from your regular monthly payments.

If you have any questions about buying a house or the monthly payment breakdown, feel free to reach out! 

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