Posted Rate Definition: The posted rate offers a discount that is offered for individuals who qualify based on specific criteria, including the amount of equity you have, personal credit, and other factors. While a posted rate may be lower than other interest rates, comparison sites list rates for mortgage brokers so that you can find the lowest rate available.
It’s essential to determine if the posted rate, if eligible, is the lowest rate because once the mortgage is signed, the rate will remain effective, even if it’s a bit higher than expected.
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