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A licensed real estate professional who has obtained a broker's license (which entitles them to operate a real estate brokerage). By default, a real compare mortgage interest rate broker of this kind has already met the requirements of "salesperson" or "agent" licensure. A real estate broker can still be compare mortgage interest rate as such without owning a real estate brokerage. Some people may refer to any licensed real estate agent as a real estate broker. A licensed real estate agent is a professional who has obtained either a real estate salesperson's Amortization is distribution of a single lump-sum cash flow into many smaller cash flow installments for easier repayment. Unlike other repayment models, each repayment installment consists of both principal and interest. Amortization is chiefly used in loan repayments (a common example being a mortgage) and sinking compare mortgage interest rate The payments are usually of equal amounts. In the case of a loan, a greater amount of the payment is applied to interest at the beginning, while during the latter portion, more money is applied to principal. The formula for an amortization compare mortgage interest rate (1-v^n)/i, where n = # of years, v = 1/(1+i), and i = interest rate / 100. Divide by (1+i) if at beginning due. Another method of writing this kind of formula is: "The Caps" - In industry slang, there you could ask for the compare mortgage interest rate of a loan, and if your broker compare mortgage interest rate loan officer is intelligent enough to read the rate sheets they are quoting from, it is ALWAYS displayed and available. This is basic stuff, the ABC's of mortgage lending, if you're working with someone that can't or won't explain this to you, go elsewhere. What's compare mortgage interest rate - The lower these numbers are, the better for you, especially, the first number. Examples: 2/2/5 - 5/2/5 - 2/1/6 - 3/1/6 - 2/4 - 1/1/5 The first number is the initial change cap, the second is the periodic cap, the last is the life cap. When only two values compare mortgage interest rate given, this always means the initial change cap and periodic cap are the same. The longer the initial fixed period, typically, the higher the caps are given. “Interest rates on 30-year fixed-rate mortgages remained