Remove Fixed-rate mortgage Remove Inspection contingency Remove Principal
article thumbnail

51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

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.