Tom: Hey, last time you told me that you were preparing to buy a new house. How is it going now?
Mike: No problem, I got 150,000 for the down payment.
Tom: What about the rest money?Are you going to borrow from your parents?
Mike: No,I applied for a loan.
Tom: Really? Then you may need to pay high interest.
Mike: Not so exaggerated. Nowadays the bank cuts mortgage rates.