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Get the money your business needs  up to $300k in less than seven days with no credit check, collateral or  closing fees.
www.ourbusinessloan.com or call (866)942-9199 to get  approved in less than 48 hours.                                             ad#08-07-08-03
WHAT'S A MORTGAGE AND A MORTGAGE RATE?

We all are familiar with a fixed rate mortgage. These can run in years of 15 - 30yrs which are the most common with all lenders. When
we speak of interest rate this is the amount of interest you will be paying on the amount of money you borrow. This interest is on the
loan amount over the life of the loan. Some loans will have a discount rate applied to the interest and this is to make the interest more
attractive by lowering it, so the borrowed amount will have a lower rate. Let me explain what a discount rate is.... It is really very simple!
It is up front money to buy the interest rate down. An example of that is, without a discount count the interest rate could be 5% and
this rate may be good, but you can see where you can buy the rate down with discount points so usually the buy down rate is 1% of
the loan amount. A good example of this would be on a $100, 000.00 loan 5%, the discount would be 1% of that amount which is
$1000.00 and the rate then would be at what every lender set.

The loan varies for the number of years of the money borrowed. Such as a 15yr loan would have a higher payment monthly than a 30yr
loan. The buy down rate could change, and they may not be a buy down rate. Some lender will not do a buy down rate because they
could be on a commitment or program for others.
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