WHAT ARE APR FEES ON A MORTGAGE?

WHAT IS APR? APR stands for Annual Percentage Rate, which is the cost of borrowing money. The interest rate, origination fee, and other costs associated with obtaining a loan are all included in the APR calculation. The APR fee will always be higher than the interest rate because it has additional costs like points, insurance…

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WHAT IS THE APR ON A PERSONAL LOAN?

One of the most important factors to consider when you are in the market for a personal loan is APR.APR, or Annual Percentage Rate, is the interest rate that indicates the cost of borrowing funds over one year.. This article will explain what APR is, how it affects your loan, and why it’s essential to…

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WHAT IS AN ARM MORTGAGE AND HOW DOES IT WORK?

An Adjustable Rate Mortgage (ARM) is a loan that can fluctuate its interest rate throughout the loan. ARMs are attractive to borrowers because they offer lower initial interest rates than fixed-rate mortgages, often resulting in lower monthly payments during the loan’s early years. However, certain risks are associated with these types of loans, so borrowers…

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