My Mortgage Online

If you’re a homeowner, or if you’ve owned a home in the past, this will be a good review for you. If this is your first purchase and you’re applying for a mortgage, pay attention and take notes. When purchasing a home, I recommend you calculate your “total monthly housing expense.” This expense can, and often times will, include all of the following items (principle and interest, real estate taxes, homeowners insurance, mortgage insurance, and Home Owners Association (HOA) dues). Although all of these items may not apply to your transaction, it’s important to understand which ones will and to determine what the costs will be BEFORE you make your purchase. Let’s take a look at each item in detail.