Tuesday May 23, 2017
 

APR Calculator

What is the real Annual Percentage Rate (APR) for your mortgage loan?

In the mortgage industry, APR stands for Annual Percentage Rate.  This figure informs the borrower how much the loan is costing on a yearly basis, including the amount borrowed and all included closing costs.

Once you’ve decided on a loan amount and an interest rate, find out all of the costs, such as origination fee, processing fees, appraisals and more.

Add these to the fields on the APR calculator, and you’ll see that your interest rate goes up slightly in most cases, the APR calculator is factoring in the cost of the loan into your monthly mortgage payment.

If the difference in your actual interest rate and your APR interest rate are considerable, you might be paying too much for the loan.

DISCLAIMER: There is NO WARRANTY, express or implied, for the accuracy of this information
or its applicability to your financial situation.  Please consult your own financial advisor.

Comments   

 
# Mortgage Blog 2014-02-19 16:54
Which ttype of loan is easier to qualify for if I have a bad credit score.
In this very piece of writing, we shall be taking a quick look at
credit. Choose the company with the best interest rate for you (usually the lowest, but
not always).
 
 
# mortgage broker 2014-02-19 19:21
For homeowners who are not severely underwater or for those owners who do not have significantly upsidedown mortgages these mortgage refinance options may be the best way to go or
at last try. You arre required to attend cl[censored]es and study about the laws and regulations related to mortgage and thee details related to it.

This loan can be for 15 or 30 years, or "interest only" where the company is not
paying any principal in thee payment.
 

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