Decoding the Mechanics of Interest Rates

Mortgage lenders often show interest rates openly but rarely explain how they actually work. For example, if you have a 30-year mortgage of $200,000 with a 7.5 percent interest rate, your monthly payment is roughly $1,400. But how is this 7.5 percent interest rate determined? It’s based on the monthly interest derived from dividing the…

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Lower Your Current Interest Rate

Refinancing can be a great way to lower the interest rate on your current mortgage, which can reduce your monthly payments. To get the most competitive mortgage rates, it’s important to understand a few key points. When searching for the lowest refinance rates, there are numerous lenders online. Just like shopping for other things online,…

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Strategies for Diversifying Your Investment Portfolio Without Breaking the Bank

Achieving financial wellness requires careful planning and disciplined money management. I speak from experience, as I didn’t always prioritize investing, saving, or diversifying my financial portfolio. Over the years, we’ve seen the ups and downs of financial markets, and diligent investors have enjoyed significant returns from Wall Street since 2009/10. For the past six years,…

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