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Why might it be important to get a Lowe interest rate on a mortgage?
Wiki User
∙ 10y ago
The shortest and simplest answer is because it saves you money.
For example:
(These numbers are over-simplified, they only factor in price, rate, and term. Actual mortgage numbers are more complicated.)
$150,000 house
30 year mortgage
3.5% rate
$673.57 monthly payment
Total Payments ---- $242,485.20
$150,000 house
30 year mortgage
5% rate
$805.23 monthly payment
Total Payments ---- $289,882.80
$150,000 house
30 year mortgage
7% rate
$997.95
Total Payments ---- $359,262.00
As you can see, even small differences in interest rate make a huge impact. At the end of the loan, there's a $47,397.60 difference between a 3.5% and 5% rate, and a $69,379.20 difference between 5% and 7%.
So yes, it's very important to get a low interest rate.
Wiki User
∙ 10y ago
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How many LOWES stores?
The hardware store Lowe's has over 1750 stores. Lowe's was founded in 1946 by Lucius S. Lowe in North Carolina.
Is Lowe's a lifo or fifo company?
FIFO
What is the mailing address for Lowe's credit card payments?
Lowe's Companies Call Center Commerce #747 Mail Code CON8 1605 Curtis Bridge Road Wilkesboro, NC 28697
Can half of a dollar bill be spent?
yes, according to Perin Lowe
Does Lowe's accept Wells Fargo home projects visa?
Yes
Can you apply for a Lowe's credit card at the store?
You could go to the Lowe's website to see the FAQs. They might have listed what you need there. Or you could go to Lowe's to ask. Whichever one is the most convenient for you.
Does Lowe's put coupons in the newspaper?
I have not seen Lowe's coupons in the Sunday paper for a very long time. But I have seen Lowe's coupons for sale on ebay. You might want to sign up for the Lowe's newsletter then you will receive their emails which sometimes includes a printable coupon.
How much does an outside rep at Lowe's make?
Are you referring to Lowe's Cinemas? Lowe's Hardware? Lowe's Garden Centres? Lowe's Hotels? Lowe's Time Share, or Lowe's Casinos? You'll need to clarify your question for an accurate response.
Did Lowe's food change their name?
No... Lowe's Foods is still Lowe's Foods (no relationship with Lowe's Home Improvement).
What time does Lowes close on Sunday?
Generally, Lowe's Sunday hours are 7 AM until 10 PM. You'll need to make sure you check your nearest Lowe's store's specific hours as some locations might close considerably earlier due to the fact that it is Sunday. Should you miss Lowe's on Sunday night, most stores reopen again at 6 AM on Monday.
Did actor brent roam play gay actor on the shield?
Yes, Brent Roam did play a gay character on The Shield. He was a love interest of Officer Julien Lowe.
What has the author Janet Lowe written?
Janet Lowe has written: 'The ceramics of Janet Lowe'
Who is alyssa bonagura?
She is a singer, who is not very popular. But you might know her from the Lowe's commerical. Singing "I make my own sunshine. " YouTube her.
When was Lowe's created?
Lowe's was created in 1946.
What is the birth name of Al Lowe?
Al Lowe's birth name is Albert W. Lowe.
What is the birth name of Catriona Lowe?
Catriona Lowe's birth name is Catriona Jessie Lowe.
What is the birth name of Hollister Lowe?
Hollister Lowe's birth name is Hollister Patrick Lowe.
