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30-year mortgage rates drop below 4% for first time in 18 months – The 15-year fixed-rate averaged 3.46%, down 5 basis. a better mortgage rate and gives you back a good chunk of your down.
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A $20,000 loan at 5% for 60 months (5 years) will cost you a total of $22,645.48, whereas the same loan at 3% will cost you $21,562.43. That’s a savings of $1,083.05. That same wise shopper will look not only at the interest rate but also the length of the loan. The longer you stretch out the payments, the more expensive the loan will be.
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Drought-hit Karnataka farmers face more heat as they receive summons for failing to repay loans – have now been asked to pay Rs 3.5 lakh against a Rs 1.75 lakh crop loan borrowed in 2009. They were delighted when Chief Minister H D Kumaraswamy said the government would waive off farm loans worth.
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