Current Mortgage Rates: Richmond, VA
2.750% (2.807% APR) 30yrs
2.250% (2.258% APR) 15yrs
as of 07/30/21
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Building on Trust™

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Term Main definition
Grace period
The period after the payment due date during which the borrower can pay without being hit for late fees. Grace periods apply only to mortgages on which interest is calculated monthly. Simple interest mortgages do not have a grace period because interest accrues daily.
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