Category: Points

APR (Annual Percentage Rate) Is A Poor Judge Of A Loan

APR (Annual Percentage Rate) Is A Poor Judge Of A Loan

Annual Percentage Rate, or APR, is a legal requirement that mortgage lenders must disclose on “Truth In Lending” statement.  It is not a useful way for the consumer to measure the cost of a mortgage. It is supposed to be a way for lenders to express their closing costs in terms of a percentage. The [...]

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Points Not Such a Bad Thing After-all

To Pay or Not To Pay, Points That Is

When shopping for a mortgage the first sentence out of the mouths of most clients is “I don’t want to pay points!”  Points are a dirty word in my business but, they’re not the evil many people believe them to be, in fact they’re no different than the commission you pay a Realtor to sell [...]

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