Mortgage Rate

The interest you pay on top of the loan principal that is expressed as a percentage. For example, you have a mortgage of $100,000 at a rate of 5%. Your monthly payments will consist of a portion of the original $100,000, plus 5% interest.

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.