What is the definition of Interest Rate For Mortgage Loan?

An 'interest rate for mortgage loan' is like the secret sauce in a sandwich, but instead of making it more delicious, it makes you pay more for that cozy home upgrade. It's the percentage of your monthly mortgage payment that lenders charge to lend you money to buy a house. Picture this: "The interest rate for mortgage loan was so high, my savings account turned into a 'debt avalanche'!"