Interest rate
- Listed: August 13, 2022 1:48 pm
- Expires: This ad has expired
Description
Interest rate
An interest rate on a mortgage loan is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan. For example, if the mortgage loan is for $100,000 at an interest rate of 4 percent, that consumer has agreed to pay $4,000 each year he or she borrows or owes that full amount.
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Listing ID: 27362f7abad26e83
- Listed by: Editor
- Member Since: July 24, 2018
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