Are you checking on insurance, taxes, pmi, lowering rate. Mortgage Broker Largo?

I really want you to start looking at your mortgage statements every month! 

Many people are surprised when they see a change in their monthly payments. They think, "why, why is my payment going up?"

With a fixed-rate mortgage, your principal and interest payments won't change. However, there are other payments like insurance and taxes that may increase and change your payments.

You might see an increase after your first year in a new home because taxes are adjusted from the estimated value to the actual value determined by the price you paid for the home. A knowledgeable lender would have explained this to you. 

This is why it is so important that you review and understand your monthly mortgage payment and where your money goes each month.

If you've seen an increase in your payments, now might be a great time to refinance your home and lower those payments! Talk to one of our brokers today and see if it is time to refi your home. With over 250 5-star verified Google Reviews in Florida, you can't go wrong. Give us a call (727) 784-5555.