Today, I am sharing a short video from Bank of America that breaks down what goes into your total mortgage payment. I share this, because some people get confused when they are told that their total mortgage payment includes more than just principle and interest.
I like this series of videos from Bank of America called "better money habits" as they have some really good general advice and info in them.
Before sharing the video, know that I share this because of the information and my belief in it being help for for anyone who might be starting the process of looking to buy a home, or just better understand how their money is spent. I am not provided any compensation from Bank of America or any consideration. However my wife and I do have a checking account with their institution. I share that in the interest of full disclosure.
Enjoy this short video, and know that if I can help you in any way as you prepare to buy or sell, I'm easily reachable at therealestatepastor@gmail.com anytime!