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Day: May 16, 2024

The Ultimate Guide to Mortgage Interest Rates: What You Need to Know

Understanding Mortgage Interest Rates | Home Loans by Alex Doce at The Doce Group

If you take out a $250,000 home loan, you won’t pay back $250,000 exactly. Instead, you’ll pay $250,000 plus interest. The amount of interest you repay is expressed as a percentage, known as your mortgage rate.  Interest is the reason why home loans are available at all; they create a mechanism for lenders to profit […]

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Alex Doce NMLS 13817.

The Doce Group NMLS 2638131.

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Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Loan approval and terms are dependent upon borrower’s credit, documented ability to repay, acceptability of collateral property, and underwriting criteria.

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