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Mortgage Interest Rate Fundamentals - PowerPoint PPT Presentation


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PowerPoint Slideshow about 'Mortgage Interest Rate Fundamentals' - ShreekantRao


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  • Home Loan Rates interest rate is the price of money loaned against the security of a specific home. and Other Loan Charges Interest is only one component of the cost of a mortgage to the borrower.

  • They also pay two kinds of upfront fees, one stated in dollars that cover the costs of specific services such as title insurance, and one stated as a percent of the loan amount which is called "points".

  • And borrowers with small down payments also must pay a mortgage insurance premium which is paid over time as a component of the monthly mortgage payment.


  • Fixed Versus Adjustable Interest Rates A mortgage on which the interest rate is set for the life of the loan is called a "fixed-rate mortgage" or FRM, while a mortgage on which the rate can change is an "adjustable rate mortgage" or ARM.

  • ARMs always have a fixed rate period at the beginning, which can range from 6 months to 10 years.

  • Source: http://www.huffingtonpost.in/entry/mortgage-interest-rate-fu_b_12083874


Follow us on : the interest rate is set for the life of the loan is called a "fixed-rate mortgage" or FRM, while a mortgage on which the rate can change is an "adjustable rate mortgage" or ARM.

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Click to know more on the interest rate is set for the life of the loan is called a "fixed-rate mortgage" or FRM, while a mortgage on which the rate can change is an "adjustable rate mortgage" or ARM. Home Loan Rates:

https://www.hdfc.com/home-loans-salaried

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