Annual Percentage Rate (APR): Is It An Absolute Number When Comparing Mortgages?

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An ordinary mortgage seeker would understand and be able to compare the fees and

closing costs on Good Faith Estimates he gets for different mortgage offers. The fees would be much clearer as dollar amounts. By law the mortgage providers have to disclose the APR. In the same way, Truth In Lending Statement must be provided before the loan is concluded.

Annual Percentage Rate (APR): Is It An Absolute Number When Comparing Mortgages?

By: JS Lee

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