The Mother Of All Misleading Rate Quotes; Beware!

August 13, 2025/in Interest Rates, JVM's Daily Blog

A client recently shared one of the most shockingly audacious and misleading rate quotes we have ever seen. It is definitely a sign of the times (loan officers get desperate when the market is slower), and yes, the loan officer was with a huge “call center” company.Read More

APR (Annual Percentage Rate): The True Cost of Borrowing

March 20, 2025/in Financial Planning, C-Blog Category

APR (Annual Percentage Rate) represents the true cost of borrowing, including interest and fees. Understanding how APR works can help you make smarter financial decisions, whether you're applying for a mortgage, personal loan, or credit card. Learn how APR differs from interest rates, the types of APRs, and ways to lower your borrowing costs.Read More

Why FHA APRs Are So Much Higher Than Conventional

September 4, 2024/in FHA, JVM's Daily Blog

An FHA loan at a lower rate can show a higher APR than a conventional loan at a higher rate. Here's why that happens, what the numbers actually look like side by side, and what APR does and doesn't tell you when comparing loan options.Read More

Understanding APR vs. Interest Rate

November 19, 2023/in Interest Rates, C-Blog Category

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