Disaster Help Announcement
Have you been affected by the recent weather related disasters in Texas? Fairway Donates $1 Million for relief efforts and is making that assistance available to those who've been affected - Request Help Today
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The four components of a monthly mortgage payment. Principal refers to the part of the monthly payment that reduces the remaining balance of the mortgage. Interest is the percentage of loan charged for borrowing money. Taxes and insurance refer to the monthly cost of property taxes and homeowners insurance, whether these amounts that are paid into an escrow account each month or not.
