4 months ago
Last edited at 7:07PM on 11/15/2013
Yes mortgage is paid monthly like rent but you are investing into your future & don't have to listen to a landlord. Included in your monthly payment include - Principal, Interest & if you have an escrow that includes Taxes & Insurance. I'm in that business. If you have more questions I'll answer what I can. You can also have certain payment options, ie: monthly, bi-weekly, b-monthly if your lender allows that. You can also pay more to pay off the principal to decrease the number of years you pay.