Stop! Don't Pay Your Mortgage Until You Watch This (PITI Explained)

Have you ever looked at a mortgage estimate and wondered why the monthly number is so high? In this Mortgage 101 video, we break down the mystery of PITI—the four distinct parts of your monthly bill. In this video, we explain: Principal vs. Interest: Why you pay so much interest in the beginning. Escrow Accounts: How taxes and insurance get paid. The "Fixed-Rate" Myth: Why your payment can still go up even if your rate is fixed! Knowing these numbers is the key to budgeting correctly for your new home. If you want to be a smarter homebuyer, make sure to Subscribe to Lendwise for weekly tips! #MortgageBasics #PITI #FirstTimeHomeBuyer #Lendwise #RealEstateEducation