Interest: This is what the lender costs you to definitely lend you the money. Curiosity prices are expressed as an once-a-year proportion. Down payment: The customer’s funds payment at closing, generally dependant on a proportion in the residence’s last gross sales value. The mortgage lender deducts the down payment in https://digitalbizgenius.com/navigating-key-worker-mortgages-a-comprehensive-guide-to-getting-the-best-deal/