When getting a mortgage, we all know that the interest rate matters. As a reminder, the interest rate is basically the cost of borrowing money. It’s an added amount, in the form of a percentage, that you pay based on the amount you’re borrowing.And in this post, we’re going to go over the differences between how a rate feels, as far as changes in the actual rate, versus how it translates into the payment.The two main factors that impact your payment are your loan amount and interest rate.Keep in
