06/15/2026
Mortgage Term Monday 🏡
Ever wonder where your mortgage payment actually goes?
Principal = the amount you borrowed.
Interest = the cost of borrowing it.
Early in your loan, more of your payment goes toward interest. As time goes on, more goes toward paying down your principal and building equity.
Understanding the basics can make homeownership feel a lot less confusing. 💡
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My Style Mortgage Inc.; NMLS #2622728; www.NMLSConsumerAccess.org. Equal Housing Lender. Licensed in Idaho, Texas and Utah. For additional information please visit https://www.mystylemortgage.com/privacy-policy. Lending services provided by My Style Mortgage Inc. 115 N. Clark St. Rigby, ID 83442