What Makes Up a Mortgage Payment? What happens you Pay your Mortgage?

February 20, 2022April 25, 2023

Todd and Oana talk to a lender about the things that are being paid when you make your mortgage payment. Most people are familiar with principal and interest being part of their mortgage but there can also be other things paid through mortgage escrow. These include property taxes, homeowners insurance, mortgage insurance, home owner association payments, and even special taxes. Almost anything can be added to a mortgage payment.

If you are wondering what happens when you have made your last mortgage payment there are a number of things but they are tool long to mention in this video.

What Makes Up a Mortgage Payment? What happens you Pay your Mortgage?

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