Posts tagged as:

Annual Percentage Rate

APR or Total Cost?

APR is an acronym for Annual Percentage Rate.  It’s a government-mandated calculation meant to simplify the comparison of mortgage options.  It is probably the most misunderstood number at any closing or with any application. A loan’s APR can always be found in the top-left corner of the Federal Truth-In-Lending Disclosure. Because APR is expressed as a percentage, [...]

Read the full article →

Truth In Lending Changes could be a big issue

On July 30th, 2009, new regulations from the Federal Reserve and the FDIC regarding the Truth in Lending Disclosure, or TIL, go into effect. The effect to home buyers or homeowners that are refinancing is that there will be a minimum of 7 business days required from the time the disclosures are delivered to the [...]

Read the full article →
var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-23005174-2']); _gaq.push(['_trackPageview']);(function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();