Your mortgage payments are likely to be your largest regular bill, so it’s important to know how much you’ll pay. Calculating your mortgage payments helps you understand what you can afford to borrow and create a manageable household budget. These simple steps can teach you how to calculate a mortgage payment.
1. Determine Your Mortgage PrincipalThe mortgage principal is...
When acquiring a loan, borrowers need to pay the lenders an extra amount, called the interest rate, on top of the principal for using the assets. A lot of factors come into play while determining the interest rate, such as the current economical state. Set by a country’s central bank, interest rates are used by the banks across the country for determining their annual percentage rates...
A Message from Andy Tuttle, Branch Manager of The Tuttle Group
My whole team sincerely hopes you’re doing well and finding ways to stay positive in this unprecedented time in our country.
You should read this and watch the video because
you’re either already in process with us at some level currently (either...Stay up to date on what you need to know about market changes and how that impacts a home mortgage.
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