Tag Archive for: APR

Understanding APR vs. Interest Rate

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When comparing loans, the APR is an invaluable tool. It's not just about the rate of interest; it's about the overall costs of a loan. By factoring in additional fees and costs, APR provides a more comprehensive picture of what you’ll actually pay. This is crucial for making informed decisions, especially when comparing loans with different structures and fees.Read More

What Is APR And Why Is It So Important?

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Why do potential homebuyers make such a big deal about APR? APR can give them a deeper understanding of how much their mortgage will cost them over the loan's life and is also a great tool to use to compare offers from different lenders.Read More

Mortgage Acronyms Every California Borrower Should Know

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The mortgage industry is infamous for throwing a lot of mortgage acronyms around. If borrowers aren’t familiar with the mortgage industry or the lingo it can be confusing to understand what’s going on at times.Read More

What Ever Happened to APR? Annual Percentage Rate

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Best quote of the day from the WSJ (Jason Gay): “Watching the Cleveland Browns is like watching a golden retriever make Thanksgiving dinner. Enthusiastic, yes, but not very successful.” I […]Read More

Annual Percentage Rate or “APR” – Includes MI

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“Annual Percentage Rates,” or APRs, remain confusing to many borrowers (and to most loan officers). We want to address them again because they are especially confusing with respect to FHA […]Read More