note rate

Definition

The interest rate that is defined in a mortgage note.

Use note rate in a sentence

You should try and figure out what the best note rate you can get is and do your best to get that price.

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If you are curious, the note rate on a mortgage note can give you the information on what the interest rate is.

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The note rate given to us when we first bought our home was high due to poor credit, forcing us to look for another loan later in the term of the mortgage.

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note of hand fully indexed interest rate