Helpful Mortgage And Real Estate Advice

Infographic – Mortgage Payment Breakdown

By on November 14, 2013 in Mortgage Infographics, Mortgage Rates

Mortgage Payment Breakdown

Understanding what a mortgage payment is and how it works is extremely important, given the fact that there are several factors that will help determine what your mortgage payment will be.

  • Downpayment
  • Loan program
  • Credit

Something else to also consider is the type of loan term. Understanding the pros and cons of each loan term can help you make a better decision, and by not carefully doing so you may end up with a higher monthly mortgage payment, so it is best to discuss this with your lender.

About the Author

About the Author: Jessica Lucas is the managing editor for Mortgage Home Base, a top real estate finance blog dedicated to helping borrowers and home buyers understand the home loan process. Follow Jessica on Google +, and share your comments here. .
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