Interest Rates

Interest is the fee charged to a borrower for the use of loan proceeds. Interest rates are highly variable, changing day to day with market fluctuations. The bulk of a mortgage payment consists of interest during the early years of a loan. Interest on a home mortgage is generally a tax deductible expense.

More Real Estate Related Terms

- Leasing - Leisure / Recreation - Leasing - Not Limited - Leasing - Office - Industrial - Leasing - Other - Leasing - Residential

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