Question:

How much interest do mortgages normally have?

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How much interest do mortgages normally have?

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3 ANSWERS


  1. As much as you decided you would want.   You pick your mortgage.

    Most these days are around 6.25, but if you made the choice to have really bad credit it could be 10 or higher.  You choose though, there is no "normal".


  2. It is different for every mortgage depending on credit scores, loan amount, terms, fees....

  3. Depends on the type of loan, and the borrowers credit history and financial situation.  Too many variables to give you much more of an answer.  

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