What is APR and How Does It Impact My Mortgage?
If you’ve ever gone shopping for a home mortgage or refinance you’ve probably seen an interest rate advertised as, for instance, “Rate: 2.65%; APR: 2.7%.” The annual percentage rate (APR) represents the average annual finance charge...
What Type of Lender Works Best for You
If you ask a loan officer, “What kind of lender is best?” the answer will be whoever he works for, unless his firm doesn’t provide the loan you require. If you meet the same loan officer years later, and he works for a different kind of lender, he will give you a list...
What is a Short Sale?
An increase in foreclosure rates will inevitably bring with it an increase in short sales. But what is a short sale? A short sale happens when you sell your house for less than your remaining mortgage balance, the proceeds of which go to the lender and in return the...
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