One of the requirements for obtaining a Bachelor’s Degree in Sales and Marketing from Tuskegee University included taking classes such as Finance, Accounting, Investments, and Economics. They all involved math (which I’m not a huge fan of), but I had to pass them if I was going to graduate from college. While I did pass them all, I wouldn’t say they were my favorites. LOL.
If I’m honest, terms such as amortization, interest rates, taxes and fees make me uncomfortable. They remind me of being in one of those classes and not knowing what to do.
Thankfully, there are tools like this infographic to help demystify all the terms and processes so we can better understand them. Check this out.
I feel like I have a much better understanding of how mortgage payments are calculated and where our money is going.
Maybe you’re experiencing the same fears or reservations about mortgages. Don’t worry, we’re here to help. For more information, visit our Mortgage Page.