Everything you need to know about how mortgage interest rates work before you get a home loan! 🎧 Listen To The Podcast https://plinkhq.com/i/1493715474 00:00 Intro 0:25 What is an interest rate anyway? 1:05 APR vs interest rate 2:05 Fixed vs ARM 2:58 The interest rate doesn't tell you this 3:48 What determines your rate? 6:29 Points vs credits 8:06 How to calculate interest payments 8:36 How your payment is made 8:49 How your interest payment changes 9:40 30 yr vs 15 yr loan 11:12 Should you pay points? RELATED Should You Pay Points On Your Mortgage? https://youtu.be/jvZSoYnUa2A Hey, my name is Kyle and I'm a Loan Advisor serving Tennessee, Florida, and Ohio. I help you get a crystal-clear home loan so you can win the house you love. https://www.winthehouseyoulove.com/ --- Legal --- NMLS# 1701021 Motto Mortgage Alliance https://www.winthehouseyoulove.com/ 8900 N. Dixie Dr. Dayton, OH 45414 Equal Housing Opportunity