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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...
These Are the Most-Googled Mortgage Loan Terms
Motley Fool· 8 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· 7 days 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...
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...
What is PITI?
Bankrate via AOL· 3 months agoKey takeaways The principal, interest, taxes and insurance (PITI) comprise your monthly mortgage payment. You can calculate your PITI payment yourself or...
When is my first mortgage payment due?
Bankrate via AOL· 1 month 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· 4 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· 2 weeks agoKey takeaways Lenders charge two types of interest to earn money on the amount borrowed: simple or...
Mortgage points: What are they and how do they work?
Bankrate via Yahoo Finance· 7 months agoBuying a house is the most expensive purchase most of us will ever make, so naturally, anything that can reduce the cost of a mortgage is worth looking...
No-closing-cost mortgage: How it works and how to decide if it’s right for you
Bankrate via Yahoo Finance· 3 months agoKey takeaways Many lenders offer no-closing-cost mortgages, meaning you don’t need to pay the...
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