{"id":20229,"date":"2021-11-08T20:54:18","date_gmt":"2021-11-08T20:54:18","guid":{"rendered":"https:\/\/www.unitedexecutivesgroup.com\/realty\/?page_id=20229"},"modified":"2022-03-28T19:31:55","modified_gmt":"2022-03-28T19:31:55","slug":"about-interest-rates","status":"publish","type":"page","link":"https:\/\/www.unitedexecutivesgroup.com\/realty\/about-interest-rates\/","title":{"rendered":"About Interest Rates"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"20229\" class=\"elementor elementor-20229\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a01e51c elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle elementor-invisible\" data-id=\"3a01e51c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;video&quot;,&quot;animation&quot;:&quot;fadeIn&quot;,&quot;background_video_link&quot;:&quot;https:\\\/\\\/www.unitedexecutivesgroup.com\\\/realty\\\/wp-content\\\/uploads\\\/2021\\\/UEG-Loop-01b.mp4&quot;}\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-background-video-container elementor-hidden-mobile\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<video class=\"elementor-background-video-hosted elementor-html5-video\" autoplay muted playsinline loop><\/video>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bdd1767\" data-id=\"bdd1767\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1977a007 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1977a007\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-33537073\" data-id=\"33537073\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-299b021 elementor-widget elementor-widget-image\" data-id=\"299b021\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1026\" height=\"563\" src=\"https:\/\/www.unitedexecutivesgroup.com\/realty\/wp-content\/uploads\/2022\/01\/ueg-realestate-white5.png\" class=\"attachment-full size-full wp-image-21590\" alt=\"\" srcset=\"https:\/\/www.unitedexecutivesgroup.com\/realty\/wp-content\/uploads\/2022\/01\/ueg-realestate-white5.png 1026w, https:\/\/www.unitedexecutivesgroup.com\/realty\/wp-content\/uploads\/2022\/01\/ueg-realestate-white5-300x165.png 300w, https:\/\/www.unitedexecutivesgroup.com\/realty\/wp-content\/uploads\/2022\/01\/ueg-realestate-white5-1024x562.png 1024w, https:\/\/www.unitedexecutivesgroup.com\/realty\/wp-content\/uploads\/2022\/01\/ueg-realestate-white5-768x421.png 768w, https:\/\/www.unitedexecutivesgroup.com\/realty\/wp-content\/uploads\/2022\/01\/ueg-realestate-white5-496x272.png 496w\" sizes=\"(max-width: 1026px) 100vw, 1026px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-314fd850 animated-slow elementor-invisible elementor-widget elementor-widget-houzez_elementor_section_title\" data-id=\"314fd850\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"houzez_elementor_section_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t            <div class=\"houzez_section_title_wrap section-title-module\">\n                \n                                    <p class=\"houzez_section_subtitle\">Industry-Leading Real Estate Firm Located in Covina CA.<\/p>\n                            <\/div>\n            \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-40ff30ce elementor-section-content-middle elementor-section-stretched elementor-section-full_width elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"40ff30ce\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeIn&quot;,&quot;animation_delay&quot;:400}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c1499b7\" data-id=\"7c1499b7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6afe1a91 elementor-widget elementor-widget-houzez_elementor_space\" data-id=\"6afe1a91\" data-element_type=\"widget\" data-widget_type=\"houzez_elementor_space.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        <div class=\"houzez-spacer\">\n            <div class=\"houzez-spacer-inner\"><\/div>\n        <\/div>\n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2afb723 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2afb723\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5012059\" data-id=\"5012059\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f76fa4a elementor-widget elementor-widget-spacer\" data-id=\"f76fa4a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ff80097 animated-slow elementor-invisible elementor-widget elementor-widget-houzez_elementor_section_title\" data-id=\"4ff80097\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"houzez_elementor_section_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t            <div class=\"houzez_section_title_wrap section-title-module\">\n                                    <h2 class=\"houzez_section_title\">About Interest Rates<\/h2>\n                \n                            <\/div>\n            \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91c4e7e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"91c4e7e\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3728388 elementor-widget elementor-widget-text-editor\" data-id=\"3728388\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>One way to think about Interest Rates is to consider it a &#8220;rental fee&#8221; of sorts. If I rent you the use of my equipment, say, a lawn mower, I can charge you a daily fee for the rental, and expect you to return my equipment. Borrowing money through a mortgage is a similar concept. I loan you the amount you need for a mortgage, and charge you an interest rate for using that initial amount. In the end, as a lender, I would expect to get my initial loan amount back, plus the interest that has accumulated over the term of the loan.<\/p><p>The higher the interest rate I set (that is, the higher my &#8216;rental&#8217; fee for the money) the more interest you will have to pay, and, hence, the more you will have to borrow, and the higher amount you&#8217;ll have to repay each month.<\/p><p>The Interest Rate is a good indicator on the cost of borrowing, but it isn&#8217;t the only indicator. You should also consider the following aspects:<\/p><h2>Interest vs. Lender &amp; Broker Fees<\/h2><p>Interest isn&#8217;t the only cost of borrowing. There are also lender and broker fees, as well as discount points, that are due at closing.<\/p><h2>APR<\/h2><p>The Annual Percentage Rate is a better way of determining the total cost of a loan than its basic interest rate. The APR includes the additional fees that a simple interest rate may ignore.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e12e473 elementor-widget elementor-widget-spacer\" data-id=\"7e12e473\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Industry-Leading Real Estate Firm Located in Covina CA. About Interest Rates One way to think about Interest Rates is to consider it a &#8220;rental fee&#8221; of sorts. If I rent you the use of my equipment, say, a lawn mower, I can charge you a daily fee for the rental, and expect you to return [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-20229","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>About Interest Rates - UEG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.unitedexecutivesgroup.com\/realty\/about-interest-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"About Interest Rates - UEG\" \/>\n<meta property=\"og:description\" content=\"Industry-Leading Real Estate Firm Located in Covina CA. 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