"FSBO" or "buying foreclosures"
"Chicago, IL" or "Florida"
Views: 2966
Par Rate
A rate of interest on a loan for which the lender does not charge (nor pay) points. An interest rate lower than the
par rate would cost the broker money; an interest rate higher than the
par rate would pay the broker a commission. [The par rate can vary, depending on the qualifications of a particular borrower.]
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