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How do I understand my mortgage rate?

     
How do I understand my mortgage rate?

Did you ever think you’d need to dust off the old math books to understand the home buying process? It can be confusing when talking terms like mortgage rates and calculating how they play into your home expenses. We’re taking the confusion out by answering your mortgage rate questions.

What’s a mortgage rate?

Simply put, a mortgage rate is the rate of interest charged on a mortgage. It can be a fixed-rate mortgage (FRM) meaning it doesn’t change, or an adjustable rate mortgage (ARM) meaning it fluctuates during the loan’s life.

Continue reading How do I understand my mortgage rate? at Movement Mortgage Blog.

About the authors

Our team is truly passionate about a career that allows us to connect with people every day. We want to build a legacy that is grounded in a genuine desire to build long lasting relationships based on trust. We have the privilege of helping people with one of the biggest financial decisions they will ever make, and we do not take that lightly. Our goal is to provide a level of service that is unparalleled and an overall experience that is remembered for years to come.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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