Interest Rates, maybe not the most important part of your mortgage payment

Join Kim Von Dohren, your realtor, and Ed Marko, your banker, in an insightful episode of Brick by Brick, Building Wealth Through Homeownership. Dive deep into understanding that while interest rates are part of, they aren't the sole factors influencing your monthly mortgage payment. Discover how principal, taxes, insurance, and PMI can significantly impact your borrowing power, often more than interest rates themselves. This episode takes you through a historical journey of interest rate fluctuations over the past 50 years, highlighting the importance of focusing on elements you can control, such as taxes and insurance, to make informed homeownership decisions. Learn how each $100 variance in non-mortgage costs can shift your home-buying capacity by up to $15,000, and find out how your credit score can vastly alter your PMI expenditure. Perfect for potential home buyers and seasoned homeowners alike, this dialogue aims to equip you with the necessary knowledge to manage your home investment smartly and strategically. Don't let interest rates dictate your property dreams—tune in to find out how you can maximize your financial leverage and build wealth effectively through homeownership.