Mortgage Rate

Categories: Financing, Home Buyers

What is a Mortgage Rate?

The interest rate on a mortgage loan you pay to borrow that money when buying a home.

The lower the rate, the better.

BTW, the “t” is silent, so pronounce it “morgage”.

 

Tags: Homebuyer Terms, Mortgage, Real Estate Terms

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Hundreds of other Savvy Consumers
by Subcribing to our Monthly Home-Made News Newsletter

>