DAR useful tool for mortgage comparison

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DAR useful tool for mortgage comparison

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09-25-2007, 09:40 AM

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DAR useful tool for mortgage comparison

The introduction of a new type of interest rate, known as the dynamic annual rate (DAR), could help consumers compare the cost of home loans. According to the Council of Mortgage Lenders (CML), DAR could bring greater transparency to the costs of servicing a mortgage.The new rate measure would be calculated over the likely life [...]

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