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Managing Your Mortgage Payment: Principal, Interest, Taxes and Insurance
Manage episode 425489654 series 3575591
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This week we are breaking down the mortgage payment and reviewing the different parts that make up your payment - PITI (Principal, Interest, Taxes and Insurance). These are important factors to know because some do change...even if you have a fixed interest rate. We offer suggestions and tips on how to manage your payment and keep the payments at bay. If you are buying your first home, definitely tune in! You want to consider these factors when deciding how much to spend on a home.
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