Home loan interest rates

Home loan interest rates are the single most popular deciding factor in making a purchase on a piece of property. When a home loan interest rate is low, buyers are able to afford more. When the index is high, the buyer gets less house for their money. Since the majority of the interest is paid within the first 15 years of a mortgage, it is important to be sure that the annual percentage is as low as possible. When the balance is the largest, the percentage going to the lender is higher. Saving money with a long term loan is dependent upon the annual percentage being paid to the lender, and the remaining amount within the payments going to the principal balance.