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Most people focus only on interest rates and loan terms, but loan pricing is far more complex. There are many hidden variables that feed into your actual rate that borrowers typically don't know about.
Most people focus only on interest rates and loan terms, but loan pricing is far more complex. There are many hidden variables that feed into your actual rate that borrowers typically don't know about.
Which is again one of the reasons why I want to do this interview, because I want to be able to make sure others are aware that so much of what everybody just understands about loans is what's the interest rate, what's the term, is it a 15-year or 30-year fixed, and what's the rate. They don't understand how everything works into that rate calculation.
