@keysbyodera: When was the last time you looked beyond the payment due on your mortgage statement? Your monthly payment tells you what you owe. Your statement tells you much more about what’s happening with your loan. Take five minutes and find: • Your remaining principal balance • How much of your last payment went to principal • How much went to interest • Your current interest rate In the early years of a fixed-rate mortgage, more of your principal and interest payment generally goes toward interest because your outstanding balance is higher. Over time, that split shifts as the balance decreases. Your exact numbers depend on your loan amount, rate, term, and payment history. Buying the home is one step. Understanding the mortgage you already have is part of managing it well. Odera Oriaku | Mortgage Broker NMLS 2825653 📧 [email protected] 📍DMV & 46 States Nationwide #mortgagetips #homeownertips #homeownership #mortgageducation #keysbyodera

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