What Factors Affect Mortgage Payments?

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What Factors Affect Mortgage Payments?

As you can see in the video below, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all affect the size of your mortgage payment. In bullets:

Down payment
Loan size
Interest rate – fixed or adjustable
Repayment term – how long
Payment schedule – how often

all affect the size of your payment.

This entry was posted on Friday, November 20th, 2015 at 6:45 am and is filed under Mortgage Tips. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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What Factors Affect Mortgage Payments?

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