4 Things You Can Learn from Your Mortgage Statement

Most of us, when we buy homes, use mortgages to make the purchase. However, it’s easy to lose track of how your mortgage payment breaks down, and what you’rereally paying unless you look at your mortgage statement.

Here are some things you can learn from your mortgage statement:

1. How Much of Your Payment Goes Toward Interest

You might be surprised at how much of your payment is going toward interest, especially at the beginning of your loan. A look at your mortgage statement can help you see h...