5 Tax Mistakes New Homeowners Make » Mortgage Masters Group

Locate the principal and interest portion of your payment on your monthly statement and simply divide that number by two. For example, if the principal and interest portion of your payment is $1,500, your new biweekly mortgage payment is $750. Don’t forget to include the tax and insurance portion of your payment each month.

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Use this mortgage calculator to get an estimate of what your loan payment could be based on customizable loan amounts, mortgage rates, and term lengths.

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5 Tax Mistakes New Homeowners Make Few people look forward to tax season, and when you’re a new homeowner, filing can be even more daunting. Suddenly, you have new forms to fill out and more potential for making a mistake.

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A mortgage often called as a home loan, is an agreement that allows a borrower to use a real estate property as collateral to secure a loan. Mortgages are used by individuals and businesses to buy real estate properties without paying the entire amount of the purchase up front.

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