10/29/2026
A mortgage payment is NOT fixed!
You finally buy a house and have your new mortgage payment. It’s a fixed rate, so it will never change.
WRONG!
Your payment is made up of the following pieces:
Principle & Interest
Property taxes
Homeowners insurance
Flood insurance (if applicable)
PMI (if applicable)
Although the principle & interest portion of your payment won’t change if you have a fixed rate, your taxes and insurance can, and likely will.
As a new homeowner, understand your payment thoroughly so that you are prepared for future increases.
For a copy of my FREE homebuyers guide, comment GUIDE 👇 and I’ll send it right over!
