Tag Archives: mortgage lending

Buying a home can be a stressful, confusing process ~ knowledge is power, and when it comes time to start interviewing mortgage lenders it will help to have the basics of the “business terminology” under your belt! Here’s a few terms that you should be familiar with;   APR APR means annual percentage rate. Each time a mortgage lender quotes a mortgage rate, the loan’s APR has to be disclosed as well. The stated rate is used for monthly payment calculations; however it doesn’t prove anything concerning the cost of […]