Standard Mortgage Blog

An amortization schedule is a table that lists each monthly payment that you’ll make on your mortgage, and how much each payment will be allocated to your lender’s interest and toward your principal balance. With a fixed-rate mortgage, you have peace of mind knowing that your principal and interest portions of your monthly payment will remain the same across the life of the loan. However, the..

There are different features, benefits, and processes as it relates to  mortgage loan products. Certain loan products are designed to help provide affordable mortgage loans to homebuyers. FHA loans are an example of this type of product. While conventional loans and other government backed mortgages typically have more stringent qualification requirements, FHA programs offer benefits to provide a..

Depending on the size of your down payment or the amount of equity in your home, you may have to pay for mortgage insurance. This additional cost will increase your monthly payment. Let’s take a closer look at what private mortgage insurance, or PMI, is, how long you’ll have to pay for it, how it’s calculated, and how it can be avoided.