Can You Get a Mortgage Under 3%?

Trying to understand how can You Get a Mortgage Under 3% impacts your daily choices? Check out this overview and key takeaways.

When you take out a mortgage, you agree to pay the principal and interest over the life of the loan. Your interest rate is applied to your balance, and as you pay down your balance, the amount you pay in interest changes. This means that at the beginning of your loan, a big percentage of your payment is applied to interest.