What is Loan Interest? Loan interest is the amount that you pay to a lender in exchange for them lending you money. It is essentially a fee charged for the privilege of borrowing money, and it is typically paid to the lender on a monthly basis. The actual amount of interest that you pay… Continue reading How do I calculate my mortgage interest payment?
Tag: Mortgage Interest
How Does Mortgage Interest Work?
Everyone dreams of owning their own home, but not everyone is able to pay for one outright. A mortgage loan helps make homeownership possible by allowing people to finance their homes through a bank or other lending institution. By borrowing money from a lender and using your home as collateral, you can get a… Continue reading How Does Mortgage Interest Work?