Vocabulary: Principal

Principal.png
Principal.png

Vocabulary: Principal

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πŸ“’ Real Estate Vocabulary: Principal πŸ“’

When you're paying your monthly mortgage, you're covering more than just the amount you borrowed! πŸ’°πŸ‘

πŸ”Ή Principal = The amount you originally borrowed
πŸ”Ή Interest = The cost of borrowing that money
πŸ”Ή Taxes & Insurance = Additional costs included in your mortgage

Understanding your mortgage structure helps you build equity faster! Want to learn more about smart home financing? Let’s connect! πŸ“ž

#BHGRE #WostalRealty #NobodyKnowsHomesBetter #HomeFinancing #RealEstate101

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