mortgage interest

Definition of "mortgage interest"
  1. The charge for borrowing money through a mortgage, which determines the monthly interest payment
How to use "mortgage interest" in a sentence
  1. With a fixed-rate loan, the mortgage interest remains the same for the life of the loan.
  2. High mortgage interest rates can make it difficult for homeowners to meet their monthly payments.
  3. Lower mortgage interest rates can make home ownership more affordable.

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