Redfin

JULY 30, 2025

A shorter mortgage term will result in a higher monthly payment since you’ll be paying off the principal balance faster. With a longer mortgage term, you’ll have a lower monthly payment because the principal is stretched over more years. On closing day, bring your ID, proof of funds, and the closing disclosure.

Pre-approval

Marco Santarelli

APRIL 27, 2025

Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. immediate repairs, moving expenses, and your emergency fund. This is your chance to potentially snag a better deal. Don't drain your accounts completely.

Finance

Redfin

AUGUST 29, 2024

A mortgage calculator will estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and PMI. On your closing date, you’ll need to bring your ID, proof of funds for your closing costs, and the closing disclosure. You can also find out how much you can afford with an online mortgage calculator.

Earnest money deposit

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? Original principal balance. The original principal balance is the total amount owed on a loan before any repayment begins. Proof of funds. These funds must be liquid, not stocks or bonds.

Purchase and sale agreement