466

Do you know your cap rate?

You know if you have an adjustable rate mortgage, of course, but do you know your cap rate? Adjustable rate mortgages, commonly called ARMs, have periodic and lifetime cap rates.

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378

Mortgage Duration and Interest Rates

The rate of mortgage interest is typically associated with the duration of the mortgage, so one way to get a lower interest rate is to take out a shorter home loan.

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