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Current Mortgage Rates: Compare today’s rates | NerdWallet

Savings Corner

Instead, they use a mortgage, which is a loan to buy a home. Principal is the original amount of money you borrowed while interest is what you’re being charged to borrow the money. If you seem like a safe bet to a lender, you’re more likely to be offered a lower interest rate. How you’re using the home.

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4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

Unfortunately, navigating the financial world wasn’t on their list of life lessons to impart, leaving you to figure it out by yourself once you’re out on your own. percent unemployment rate among 18-29 year olds , being financially savvy is a skill that gets you much farther than those humanity electives you took in college.