![]() ![]() We learn from the financial dictionary that mortgage amortization "is the gradual repayment of a debt over a period of time, such as monthly payments on a mortgage loan or credit card balance. The combination of points and the lower rate should result in an overall lower APR. However, borrowers pay mortgage points in order to obtain a lower interest rate. Points, by themselves, increases the APR. One point is one percent of the mortgage loan amount.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |