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Tag Archive | "principal and interest"

Why Shorter Terms Pay Lower Interest Rates And Other Interesting Facts

Where is the logic in the way that lenders choose┬áinterest rates? Why are fifteen-year home loans cheaper than thirty-year mortgages? To understand how banks and finance companies set prices you have to look at it from their perspective, the point of view of the people who are lending the money. They are in it to […]

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Do Adjustable Rates Make Home Loans Dangerous?

Adjustable rate mortgages or ARMs are home loans where your payments change with the state of the economy, to reflect changing interest rates. A typical ARM has a period fixed for five years and then adjusting annually after that. The hazard for ARMs is that, if the economic conditions are right, they can become very […]

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