image_description

What will my mortgage payments include?

For most borrowers, each monthly mortgage payment includes: Principal, which is the total outstanding balance of the loan; Interest, which is the cost of borrowing money; Taxes, which are levied on the property by the local government; and Insurance, which protects the owner and the lender from losses caused by fire and natural hazards. Check out our loan calculators for an estimate of your monthly payment, or call us for quote specific to your current or desired property.