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Interest is the reason why banks allow you to get a mortgage. Simply put it Cheap Jerseys Wholesale , interest is precisely how banks profit. The interest rate of a mortgage loan is very important given it has a primary impact on the borrower鈥檚 per month and interest payments.









Term











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A reduced mortgage term translates to larger repayments every single month and vice versa




A shorter mortgage term translates to smaller interest through time and vice versa