Home Loans

QWhat Does My Home Loan Payment Include?
AFor most homeowners, the monthly home loan payments include three separate parts: 1. Principal - Repayment on the amount borrowed 2. Loan Interest - Payment to the lender for the amount borrowed 3. Taxes & Insurance - Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the County Tax Assessor and property insurance company.