Posted Rate

P
Written By Donald Scott

The posted rate is a lender's standard advertised interest rate for a mortgage. Hot tip - you may be able to negotiate to obtain a lower interest rate. The Posted Rate is primarily used for calculating Debt Service Ratios and Prepayment Penalties.  Not many mortgages are originated at the Posted Rate.

Donald Scott
Previous

P.I.T.H. (Principal, Interest, Taxes & Heat Expenses)
Next

Power of Sale