- Homebuyers
- June 4, 2013
APR Definition: Your Simplified Guide to Annual Percentage Rate
In the simplest terms APR is the combination of two things: the interest rate of the loan, plus lender fees and closing costs.
In the simplest terms APR is the combination of two things: the interest rate of the loan, plus lender fees and closing costs.
Here are homebuying tips to help you beat the competition in a seller's market.
Here are steps to uncover the mystery behind how property taxes are calculated.
Underwriting is the core process involved in being approved for a mortgage. The underwriter plays a big part in whether or not you will receive the loan.
An appraisal determines the market value of a home. The lender will require an appraisal prior to officially approving any loan.
A mortgage rate lock is the only guarantee that you will receive the terms at the time your loan is approved.
As a potential home buyer, you should be prepared for lenders to take a more detailed look at everything about you.