What is a VA Loan? At 719 Lending, we're well-versed in addressing inquiries related…
Monthly Payments?
Monthly Payments?
VA homebuyers often ask, “what’s included with my monthly mortgage payment?”. Excellent question and something that’s important understand.
Your payment is broken up into four elements. We refer to these four elements as P.I.T.I. Aka – Principal, Interest, Taxes, and Insurance.
These four elements are typically broken up into two categories.
-
1st you have principal and interest which is required on every loan.
-
2nd you have what is commonly referred to as “escrows.” Escrows include taxes and insurance.