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Here’s what is so sneaky about FEMA’s methods. If you are one of the millions of people whose flood premium is escrowed and paid by your mortgage company, you probably ignore stuff from FEMA. Right? Your mortgage company will handle … Continue reading
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Principle and Interest The first item on your house note will be the Principle and Interest (P&I) calculation based on the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the … Continue reading
Tagged amortization, buyers, escrow, fannie mae, FHA, FHA 203k, finance, flood insurance, for sale, freddie mac, home, home loan, homeowners insurance, house note, HUD, insurance, interim fincnce, loan, mortgage, mortgage calculator, mortgage insurance, pmi, pre-approval, pre-qualification, principle and interest, property tax, short sale, st tammany, tax escrow