Getting the Best Possible Mortgage Deal. Now assume you get the same 30-year fixed rate mortgage for $200,000, but this time you are offered a subprime rate of 6%. Your monthly payment would be $1,199 and you’d pay a total of $231,676 in interest, bringing the total amount you pay back to $431,676.
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many homebuyers enlist the services of a mortgage broker to find them the best terms and rates. In the wake of the real estate market crash in 2008, however, the business practices of brokers came.
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Mortgage Rates Surge to New Long-Term Lows After Fed – Mortgage rates broke a week-long streak. we knew we’d likely be seeing a move in rates. We just didn’t know in which direction, or at what pace. As it happens, we were treated to the best case.
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