Rodson Local Realtor

🏠 Part 3: Insurance.

Your mortgage payment usually includes homeowners insurance, which helps protect your home from covered events like fire, storms, and other damages. If you put less than 20% down, you may also pay mortgage insurance (PMI).

Put it all together: Principal + Interest + Taxes + Insurance = Your monthly mortgage payment. 💰

Thinking about buying in Central Florida? I’m here to help you understand exactly what your numbers could look like. Send me a message! 📩

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💰 Ever wonder where your mortgage payment actually goes? 🏡

In Part 1, I break down the first two pieces of your monthly payment: Principal and Interest—and why more of your payment goes toward interest in the beginning.

Follow for Part 2 to learn what else makes up your mortgage payment! 👇

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🏠What else makes up your mortgage payment?

Part 2: Property taxes. Most lenders collect a portion of your property taxes each month and keep it in an escrow account. When your taxes are due, they pay them for you. The amount is based on your home’s assessed value and your local tax rate.

Follow for Part 3! 💰📚

💰Ever wonder where your mortgage payment actually goes?

Part 1: It all starts with principal (what you borrowed) and interest (what the bank charges to lend it). Early on, more of your payment goes toward interest—but over time, more goes toward paying off your home.

Follow for Part 2! 🏡✨

The squirrel heard we were trying to evict him. now the saxophone got LOUDER. 😭🎷🐿️ ✨

Step 3: Appraisal 🏡

The appraisal can make or break your deal. A low appraisal or required repairs can delay—or even stop—closing. That’s where strong negotiation and experience matter.
Buying in Central Florida? I’m here to guide you every step of the way. 📲

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Step 2: Inspection 🔍

This is where you learn the true condition of the home. I always encourage buyers to attend, ask questions, and understand what’s minor vs. major. Once the report is in, I help negotiate repairs or credits so you’re not left with unexpected costs after closing.