What Is a Simple-Interest Mortgage?

The interest rate on loans paid by home buyers when financing their homes. For example, the interest rate paid by family home buyers to finance their home is also called the mortgage rate.

Mortgage rate

Right!

The interest rate on loans paid by home buyers when financing their homes. For example, the interest rate paid by family home buyers to finance their home is also called the mortgage rate.

Mortgage rate

The interest rate on loans paid by home buyers when financing their homes. For example, the interest rate paid by family home buyers to finance their home is also called the mortgage rate.

The interest rate of the real estate mortgage loan is at least the benchmark interest rate of the same grade stipulated by the central bank. More generally, the benchmark interest rate is increased by 10%, and another bank claims that within 30% of the benchmark interest rate increase is allowed by the head office.