You’ll see an interest rate and an Annual Percentage Rate (A.P.R.) for each mortgage loan you see advertised. The easy answer to “why” is that federal law requires the lender to tell you both. The A.P.R. is a tool for comparing different loans, which will include different interest rates but also different points and other … Read more
There can be little question, getting a mortgage is a complicated process. You wouldn’t be visiting our site if it were possible to complete a one-page application and get a great loan check cut in one day. Todd Swanson does the heavy lifting so you can concentrate on your life rather than the mortgage loan. … Read more
With the thrill that comes with an accepted offer and a “yes” from the lender, some homebuyers make the error of taking their enthusiasm straight to the mall or appliance store. Until your keys are in hand, there are still some hurdles to jump. Here are some things to stay clear of during the home … Read more
