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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...
Mortgage recasting: What it is and how it works
Bankrate via AOL· 2 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· 3 months agoKey takeaways The principal, interest, taxes and insurance (PITI) comprise your monthly mortgage payment. You can calculate your PITI payment yourself or...
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...
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· 3 weeks agoKey takeaways Lenders charge two types of interest to earn money on the amount borrowed: simple or...
What Exactly is an Amortization Schedule?
Lansing State Journal via Yahoo News· 2 years agoMost homeowners pay their mortgage each month without even thinking about how much of that payment goes towards the principal versus the interest. We...
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...
