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What is mortgage amortization?
Bankrate via AOL· 4 months agoKey takeaways Mortgage amortization refers to the split between how much of your loan payment goes toward principal vs. interest. At the beginning of...
How to get rid of PMI and lower your mortgage payments
Yahoo Personal Finance· 1 day agoPMI goes away automatically once you have 22% equity in your home or you’re halfway through your...
How much income do homebuyers need to afford a mortgage in Canada?
Stacker via AOL· 1 day agoLester Balajadia // Shutterstock Buying a home is thrilling — the freedom, the space, the white...
These Are the Most-Googled Mortgage Loan Terms
Motley Fool· 9 months agoImage source: Getty Images House prices have skyrocketed nearly 29% over the past three years, according to the Federal Reserve Bank of St. Louis. That...
Mortgage recasting: What it is and how it works
Bankrate via AOL· 3 weeks agoKey takeaways Mortgage recasting allows you to pay a lump sum toward your mortgage in order to reduce your remaining monthly payments and interest. When...
What is PITI?
Bankrate via AOL· 4 months agoKey takeaways The principal, interest, taxes and insurance (PITI) comprise your monthly mortgage payment. You can calculate your PITI payment yourself or...
Prepaying your mortgage: What is it and should I do it?
Bankrate via AOL· 3 months agoKey takeaways Prepaying a mortgage means paying extra, either in periodic installments or a lump...
When is my first mortgage payment due?
Bankrate via AOL· 2 months agoKey takeaways The first mortgage payment is usually due a full month after your closing date — on the first day of the month. When you make mortgage...
What is a fixed-rate mortgage and how does it work?
Bankrate via AOL· 5 months agoKey takeaways A fixed-rate mortgage maintains a consistent interest rate throughout its entire term, whether it spans 30 years, 15 years, or any other...
How to calculate interest on a loan: Tools to make it easy
Bankrate via AOL· 4 weeks agoKey takeaways Lenders charge two types of interest to earn money on the amount borrowed: simple or...
