Understanding Your VA Mortgage Payment (PITI)

Understanding Your VA Mortgage Payment (PITI). $1000 extra mortgage payment saves how much interest?

Understanding Your VA Mortgage Payment (PITI) video duration 8 Minute(s) 32 Second(s), published by Veterans United Home Loans on 07 03 2019 - 21:39:18.

Chris Birk, Director of Education at Veterans United Home Loans, introduces you to It's easy for VA buyers to think of their monthly mortgage payment as one flat How to Pay Off Your Mortgage Early If you're like most people, your biggest monthly expense is your mortgage payment
But what could your life be like if you .

In this short video, we'll explain how you calculate your mortgage payment
For more information, please visit https://www.trendmakerhomes.com Short video on what to add together for a home mortgage payment How much interest can be saved by making just one payment of $1000 to your mortgage? I'm going to breakdown the numbers and compare the principal .

Chris Birk, Director of Education at Veterans United Home Loans, introduces you to

It’s easy for VA buyers to think of their monthly mortgage payment as one flat bill to take care of every month. But your mortgage payment is really the sum of a handful of expenses related to buying and owning a home. Homebuyers will often see these four costs described as PITI (principal, interest, taxes, insurance). Essentially, you’re paying one bill each month, with funds distributed two different ways one chunk for principal and interest, the other for your monthly escrows for taxes and insurance.

Time Stamps
0:08 - What Makes Up Your Mortgage Payment
0:18 - Principal
0:27 - Interest
0:33 - Property Taxes
0:49 - Homeowners Insurance
1:29 - Fixed Rate Mortgage
1:44 - Taxes & Insurance Can Change
2:32 - Real World Example
3:45 - Cutting Down on Interest Payments
4:21 - Real Estate Property Taxes
4:58 - Property Tax Exemptions for Disabled Veterans
5:33 - Escrow Example

Learn more about VA mortgage payment:
https://www.veteransunited.com/education/library/va-loan-payment/

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