In this blog, we'll discuss mortgage rates and terms, how they impact a borrower's monthly payment, and other essential information for homebuyers. Learn about factors affecting monthly payments, such as property taxes, homeowners insurance, and mortgage insurance. Discover how selecting a mortgage term can impact long-term financial goals and the importance of monitoring the market to ensure the best rate possible. A must-read for mortgage loan officers looking to educate their clients on important mortgage factors.
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