What is an interest?

Your monthly mortgage payment is a combination of paying back the money you’ve borrowed for your purchase (principal) and the interest owed on the money you’ve borrowed. Long story short, interest is what you pay your lender to borrow money for your home. Isn’t that interest-ing? #thehelpfulagent #home #houseexpert #house #listreports #homeowner #realestate #happyhome #finances #themoreyouknow icanhelp #realestateagent #realtor