Sensible Mortgage, LLC

Sensible Mortgage, LLC Licensed in Oregon, Washington, North Carolina, Texas & Arizona
NMLS #2341567 What is included in the mortgage?

The mortgage is usually paid back in the form of monthly payments consisting of interest and principal. The principal is repayment of the original amount borrowed, which reduces the balance with every payment. The interest, on the other hand, is the cost of borrowing the principal amount for the past month. Normally a monthly mortgage payment includes the principal, the interest, local and state

taxes, and home insurance. Taxes are remitted by the loan company to the local governments as a percentage of the value of the property. These tax amounts will vary based on where the borrower lives and are usually assessed each year on an annual basis. The home insurance payments go toward mortgage and hazard insurance. The property mortgage insurance (PMI) protects the lender from loss incurred if a borrower defaults, whereas hazard insurance protects both the borrower and the lender from property losses. These funds are usually held in escrow by the lender. PMI typically is not required if you put down 20% or more on your home. As long as you are not behind on payments, PMI payments are automatically terminated when either you are at the midway point of your loan in time, or when the loan-to-value (LTV) reaches 78%. You can request cancellation of PMI when you LTV reaches 80%.

05/29/2026

Loved spending time with you guys!💙🏡

05/26/2026

The Mortgage business ain’t no joke…But it’s all worth it when we get to help homebuyers!🏡💙😂

Let’s not forget why we get to take today off.❤️We hope everyone had an amazing and safe Memorial Day Weekend!Land Of Th...
05/26/2026

Let’s not forget why we get to take today off.❤️

We hope everyone had an amazing and safe Memorial Day Weekend!

Land Of The Free, Because Of The Brave.💙❤️

05/22/2026

Ask Yourself THIS!🏡

05/20/2026

Thank you for another ⭐️⭐️⭐️⭐️⭐️ Review!

Communication & putting clients first is what we do! 🤝

Buying a home can be stressful, but if you have the RIGHT team it can be a breeze!😉

We’re here to help!🏡

05/19/2026

SO SO Much Cooler!🤪💙🏡

Address

388 State St, Suite 975
Salem, OR
97301

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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