Debt-to-income ratio Earnest money deposit Fixed-rate mortgage Principal 
HomeLight
JANUARY 27, 2021
Your mortgage payment is more than just the cost of the principal and interest on your loan. It includes your property taxes and mortgage insurance, too. Mortgage insurance — required for buyers putting down less than 20% on a home — typically adds around 0.5% Adjustable-rate interest. This can spell trouble.
The Close
DECEMBER 29, 2022
How else would you and your clients understand how much is being paid in principal and interest over the years? Annual percentage rate (APR). Clients may be confused about the difference between an interest rate on their mortgage loan and an APR. Debt-to-income ratio (DTI). Earnest money deposit.
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