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Interest
The fee for borrowing money; usually based a percentage of the amount borrowed.
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Interest accrual rate
The rate at which interest accrues on a mortgage, usually also used to also calculate the monthly payments.
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Interest rate caps
A written promise by a borrower to pay a sum of money, at a specified interest rate, at a stated time to a named payee.
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Investment property
Real estate owned with the intent of generating income, such as an apartment building or a rental house.
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