Vocabulary: Principal

Principal.png
Principal.png

Vocabulary: Principal

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๐Ÿ“ข Real Estate Vocabulary: Principal ๐Ÿ“ข

When you're paying your monthly mortgage, you're covering more than just the amount you borrowed! ๐Ÿ’ฐ๐Ÿก

๐Ÿ”น Principal = The amount you originally borrowed
๐Ÿ”น Interest = The cost of borrowing that money
๐Ÿ”น 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? Letโ€™s connect! ๐Ÿ“ž

#BHGRE #WostalRealty #NobodyKnowsHomesBetter #HomeFinancing #RealEstate101

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