Posts tagged Home Loan Costs
APR: Annual Percentage Rate in Regards to Home Loans

Unfortunately, when you get a home loan, you pay for more than just the interest rate each month. This is because there are other fees and charges involved in the mortgage process. The APR (annual percentage rate) of the loan reflects these charges, and is a broader measure of the cost of borrowing money to purchase a home.

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Why Do Mortgage Payments Increase?

When you first get your mortgage, you’ll probably take into account the amount you’re paying as part of your overall expenses in your monthly budget, along with food, transportation, and other living expenses. But what if your mortgage payments increase?

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