Mortgage interest rate and mortgage APR (annual percentage rate) while related, are not the same. Youâll see both listed for mortgages. For example, you may see a 30-year fixed-rate mortgage with an interest rate of 4.250% and an APR of 4.385%. The interest rate is the interest you pay on your home loan. The APR… Read More
The post What Exactly Is Mortgage APR? appeared first on Credit.com.
There are a lot of costs associated with getting a government-backed home loan. The down payment and closing costs can add up to tens of thousands of dollars. But there’s one cost you need to prepare for, the upfront mortgage insurance premium (UFMIP). This article will look at what upfront mortgage insurance is, the rate […]
The post Understanding Upfront Mortgage Insurance (UFMIP) appeared first on The Lenders Network.
It’s been a goal for decadesâa vacation homeâand now it’s time to realize that goal. And while you should absolutely seize this opportunity, there are a lot of details to figure out before buying a vacation home during retirement. Here’s what you need to know about owning a vacation home from start to finish. Paying… Read More
The post The Complete Guide to Buying a Vacation Home in Retirement appeared first on Credit.com.