Your monthly mortgage payment is a combination of paying back the money you’ve borrowed for your purchase (principal) and the interest owed on the money you’ve borrowed. If you’re not happy with your interest rate, you can look to refinance your loan when the market is in your favor. Message me with any questions. #thehelpfulLO #home #themoreyouknow #house #listreports #homeowner #finances #investment #smartmoney #mortgage #realestate
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