<h1 class="entry-title">Tag: Rising Interest Rates</h1>
23 Nov

Introduction To Interest Rates & Ways To Reduce Interest Expenses

Regarding home loans, interest is basically the cost of money charged to the borrower (homebuyer) in order to compensate the lender. An interest rate is applied to the loan amount which produces a dollar amount of interest that is charged to the borrower. As such, loan repayments made by the borrower will cover the interest charged during the period and a portion of the actual loan amount (principal).