May 5, 2019

Home Purchase: Calculation of effective interest rates and debit interest

It goes without saying that you have to pay interest on a mortgage loan. Few builders are aware, however, that the borrowing rate is only part of the cost. Before buying a house Processing fees and payment methods can lead to significantly higher costs, which are expressed by the effective interest rate, the so-called APR. With our debit / effective interest calculator, you can quickly and easily determine how high the effective interest rate is. This will tell you how much credit or loan is actually going to cost you. Calculating the debit interest and the effective interest of the loan Debit and effective interest rates are to be distinguished…