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Moneywise

Many homebuyers unaware of the terms of their mortgage

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  • Hamath Omaha, NE
    May 14, 2013 6:59 p.m.

    Once years ago I was quoted 6 3/8 percent, but when I went to sign the documents the percent was listed as 6.4475%. I informed them that I knew enough math to convert 3/8 to a decimal. They stumbled over themselves trying to explain it until they changed it.