AgentMortgage

Understanding simple-interest mortgages

Knowing when interest accrues can save money
Published on Jan 28, 2008

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by CareyBot

“I am perplexed at what appears to be a nomenclature problem that the mortgage industry has created with its definition of ‘simple-interest mortgage.’ Aren’t most monthly payment mortgages simple interest?” They are, and I agree with you that the existing ...

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