"Mortgage interest" refers to the additional amount of money that you pay on top of the loan amount when you borrow money to buy a house or property. It is the cost you pay to the lender for borrowing the money, usually expressed as a percentage of the loan. This interest helps the lender make a profit and is usually paid monthly along with your mortgage payment until the loan is fully paid off.
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«mortgage»
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Phrases with «mortgage interest»
Sentences with «mortgage interest»
- What this means for your investments: well, with the elimination of mortgage interest deductions, there will most likely be a decline in mortgages. (thecollegeinvestor.com)
- Fixed - Rate Mortgage Interest rates on this type of mortgage remain the same over the life of the loan. (winutah.com)
- I like the idea of mortgage interest deduction, but the reality is that it is not currently a factor for us. (money.stackexchange.com)
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