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Interest Rate vs, APR

October 29, 2020

What is an Interest Rate? An interest rate is the price of money, and a home mortgage interest rate is the price of money loaned against the security of a specific home. The interest rate is used to calculate the interest payment the borrower owes the lender.The rates quoted by lenders are annual rates. On most home mortgages, the interest

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Recent Posts

  • Flex Term vs Regularly Scheduled Terms January 4, 2021
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