01/15/2023
Midge's real estate word today:
What's meant by interest rate?
An interest rate tells you how high the cost of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest rate is the amount you are charged for borrowing money, shown as a percentage of the total amount of the loan.
This week interest rates are hovering around 6% depending on
the type of loan and credit score. We have lenders to help
today!! There are many programs with NO MONEY DOWN -
why rent? Be a homeowner today!! Call 989-202-4343 or 989-745-6722 & we can start the process for you!!