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Why might it be important to get a lower interest rate on a mortgage

User Zeokav
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It is important to get a lower interest rate on a mortgage because it means that you pay less interest over time. A lower interest rate also allows you to prepay a mortgage, which can save you lots of money over the term of the loan.

User Grishma
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a lower interest rate means the monthly payment will be lower and the overall amount of money you pay back will be less.
User Flopshot
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