A regularly scheduled payment, often called a blended payment, includes both principal and interest. This type of payment structure ensures that you gradually pay down the loan amount (principal) while also covering the cost of borrowing (interest). Blended payments are common in mortgages, making it easier to manage your finances by combining these two components into a single, consistent payment. This approach helps in systematically reducing the loan balance over time.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

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