mortgage apr: Why is Mortgage APR so much higher than the rate? - 04/01/10 10:43 PM
How to Calculate Mortgage APR - a Real Q&A
Why is the Mortgage APR so much higher than the interest rate?  
A very large Interest Rate to APR differential is usually caused by excessive closing costs; however,  some people don't know that even a normal mortgage insurance payment can cause a large increase in the Mortgage APR.  Of course the APR doesn't determine the payment.  The APR simply discloses the true cost of the loan, expressed as an annual percentage rate over the full loan term, taking into consideration certain closing costs, or "pre-paid finance charges", PLUS any monthly … (1 comments)

 
Ronald Borch (WJ Bradley Mortgage Capital Corp, S. Burlington, VT)

Ronald Borch

South Burlington, VT

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WJ Bradley Mortgage Capital Corp, S. Burlington, VT

Address: 1795 Williston Road, Suite 330, S. Burlington, VT, 05403

Office: (802) 233-0623

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