1 Simple Reason to Lower Your Mortgage Rate That You Probably Didn’t Know

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If you are wondering about lowering your mortgage rate, then you want to take a look at this infographic below. The biggest reason why is compounding interest, but this time it’s working against you.

Compound interest is great for dividend stock investors but a absolute nightmare for borrowers.

Take a look at what a 1% increase in your mortgage rate will cost you in the future:

Zillow_MortComparisonInfograph_c_02-8d0488

Source: Zillow

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