Hello!
First time on the Homebuyer Education Center website?
Register once, take all the free classes you want!
Register in English – Registro en Español
About this class…
What is a mortgage? Where does your money go when you make a mortgage payment?
Similar to a car loan, a mortgage loan lets you buy a home now and pay it off over time, rather than having to save up and pay the full price all at once.
When you get a mortgage, your lender gives you a set amount of money to buy a specific house. You agree to pay back this loan, plus interest, over a period of time, usually 15-30 years. Every month, part of your monthly payment will go toward paying off the principal, amount you borrowed, and part will go toward interest on the loan.
In this class you will learn…
Take this free class for first time homebuyers to understand how all the pieces of your mortgage payment work.
