Daily Archive: September 28, 2011

Understanding Home Loan Costs

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Many of my friends have a good handle on the costs of running a household.  Food, meals, gas, are all costs we encounter on a weekly basis and items that we look towards when cutting back on our spending.  However these is one major expense that we give little thought towards.  And one that can potentially save as a lot of money.  That is the costs associated with a mortgage loan.  And there are many factors that make up the cost of a mortgage loan.  These include the cost of the property, the down payment, the closing costs, the total loan amount, the interest rate, the loan period etc.

The mortgage … Read the rest