4 Components of a Mortgage Payment (PITI Explained) When you hear “mortgage payment,” you might think it’s just the loan itself. But in reality, there are four key parts that make up your monthly payment: P.I.T.I. = Principal • Interest • Taxes • Insurance 1️⃣ Principal – The portion of your payment that reduces the original amount you borrowed. This is how you build equity in your home. 2️⃣ Interest – The cost of borrowing money, calculated as a percentage of your loan balance. The good news? I
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177K views · 60 reactions | Learn how a down payment of less than 20% can help you become a homeowner faster. | Freddie Mac | Facebook
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It's time for this week's Mortgage Minute: Answering your frequently asked questions in 60-seconds or less. Today's question: “What is PMI?” Find an LO near you: https://movement.com/search/ | Movement Mortgage
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PMI helps make homeownership possible when financing with a smaller down payment. Just know it doesn’t last forever. #movementmortgage #loanofficer #PMI #lenderterms #homebuyer | Movement Mortgage
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