What Does My Mortgage Statement Consist Of?

Typically your monthly payment will include your Principal and Interest, PMI/MIP, and your taxes and insurance which is called the “Escrow Account”

Depending how much money you put down and what loan program you qualify for there is the ability to waive the escrow account and the MIP/PMI out of your monthly mortgage payment.

Stay tune to learn more about more ESCROWING and MIP/PMI and how they can be waived!

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