Is your mortgage costing you too much?

How much does your mortgage cost?

How much does your mortgage cost?

If you are shopping for a mortgage, you are probably paying close attention to the interest rate and the closing costs.  However, if you are failing to compare the annual percentage rate (APR) of the various loans, you may be deceived into believing you are getting a lower-priced loan when in reality, the loan is costing you more when it is amortized over the full term of the loan.  The APR is a way to look at each loan offer equally to determine the real cost of the mortgage.

For more read, “Are you paying too much for your mortgage?”

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