For example, do the rates like 5.75% at a big %26quot;chain%26quot; mortgage company usually end up cost you more than a 6.25% rate at a well respected locally owned bank?
Do low mortgage rates usually have hidden fees?bad credit loan
No. They don%26#039;t at all. All mortgages are required to tell you what the APR on your loan is. This combines the interest rate and all costs into 1 rate. This is the rate you should pay the most attention to. Typically broker have higher costs but lower rates.
Always talk to 2 or 3 lenders to ensure your getting a good deal.
No comments:
Post a Comment