Financial
Par Rate
An interest rate with no discount points or lender credits
Full Definition
Par Rate: An interest rate with no discount points or lender credits. Understanding this concept is important when navigating the mortgage process. NMHL loan officers can explain how par rate applies to your specific mortgage situation.
Why It Matters
Understanding par rate helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
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Frequently Asked Questions
Par Rate refers to an interest rate with no discount points or lender credits. This is an important concept in mortgage lending that affects how your loan works.
Understanding par rate can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
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Connect with an NMHL mortgage expert who can help you navigate the mortgage process.