Interest rate

The sum, expressed as a percentage, charged for a loan. Interest payments on most home loans are tax- deductible.

Glossary: Adjustment date
Glossary: Note
Glossary: Variable rate
Experts: Housing Market Likely to ‘Normalize’ in 2022
Are Closing Costs Tax Deductible?
If you're a homeowner, you may have paid closing costs when you purchased or refinanced your home. Closing costs are fees associated with the home buying process, such as appraisal fees, title fees, and loan origination fees.