NHT Fresh Keys || Parts of a Mortgage

Welcome to this week's episode of Fresh Keys! 🏡
Have you ever wondered what exactly your monthly mortgage payment covers? Well, wonder no more! In this video, we're diving deep into the details to give you a clear understanding.
Each month, your payment is divided into four main components:
1️⃣ Principal: This is the actual amount borrowed for your property.
2️⃣ Interest: Calculated as a percentage of your loan amount.
3️⃣ Life Insurance: Protects your ability to repay the loan.
4️⃣ Peril Insurance: Provides coverage for disasters such as fire or hurricanes.
Don't let these terms keep you up at night! Tune in to learn more about how your mortgage works and how you can make informed decisions about homeownership.
For further assistance or clarification, reach out to us on our social media channels or give us a call at 888-CALL-NHT.
#Mortgage101 #FreshKeys #NHT #Homeownership

[@egvevo4287]

Why they can't give you the loan in full to buy the house without paying any down payment, it would be a lot better for we the people because not many can pay down a million in 1 go but can afford to pay for the house per month