Standard Mortgage Blog

There are a number of different components to your monthly mortgage payment. Typically, the two big ones are principal and interest. If you escrow, you may also have a portion of your payment going towards taxes and insurance. Depending on your type of loan and down payment, you may or may not be required to escrow for your taxes and insurance. Since your mortgage investor has a lien on your..

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..