Home Buying
How to Calculate Per Diem Interest on a Mortgage or Loan
How to Calculate Per Diem Interest on a Mortgage or Loan
What is Per Diem Interest?
Per Diem interest means the interest that accumulates on a mortgage or a loan regularly. “Per diem” comes from Latin, meaning “per day,” which is the best way to describe the calculation process for this interest. The per diem interest is a process that is generally used in the calculation of interest on a mortgage or loa...
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