lender: Mortgage Payments - Where Does All That Money Go?
- 10/26/22 02:24 PM
MONTHLY MORTGAGE PAYMENTS (Where does all of that money go each month when I make my payment?) To better understand a monthly payment, think of the acronym PITI for starters. PITI can be defined as follows:
Principal + Interest (P+I) - The P+I portion of your monthly payment is typically the largest. "Principal" can be defined as the amount of money you have borrowed (and are now starting to pay back). "Interest" is the ongoing finance charge of borrowing that money. Once we can determine the exact amount of your loan, the interest rate, and the amortization period (i.e. the amount of years … (1 comments)
lender: Russia & Ukraine War - Impact on Mortgage Rates
- 03/04/22 01:52 PM
The general rule to follow is that GOOD NEWS for the economy is BAD NEWS for mortgage rates (pricing)...and you guessed it, BAD NEWS for the economy is GOOD NEWS for mortgage rates (pricing). In the video below, I provide a summary of recent mortgage pricing trends and how specific events (pandemic and Russia/Ukraine war) have had recently. Should you and/or your valued Clients ever desire an objective and transparent conversation about mortgage options and/or pricing, please do not hesitate to contact me. … (4 comments)
lender: Mortgage Interest Rate Update 7-25-11 + Projections & Best Mortgage Rates
- 07/25/11 05:50 AM
Introducing an easy-to-follow inside look at mortgage rate activity, featuring charts, rate sheets, market commentary, and even video recordings all in one daily article! All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why).
The Mortgage Street Smarts of where mortgage interest rates are going (and why): The following information is current as of Monday 7-25-2011 and will help you understand todays best mortgage rates. If you … (0 comments)
Related Links:
Jason E. Gordon
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon
MONTHLY MORTGAGE PAYMENTS
;)
;)
;)
