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Understanding Mortgage Interest Rates

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 […]