All Posts Tagged With: "APR"
Caution: Refinancing with Low Mortgage Rates May Not Work
I got a letter from my mortgage lender offering to refinance my home. I could lower my rate, said the letter, and I might save money. Actually, both claims are correct but the bigger issue is whether refinancing is actually worthwhile. According to the letter my mortgage rate would drop from 4.63 percent to 4.46 [...]
30Jan2012 | Peter G. Miller | 0 comments | Continued
Google Mortgage Ads — Do They Reduce Borrower Costs?
Several months ago Google began offering a new service for advertisers, an ability to post comparison ads. You can see this today with mortgages — just go to: Conventional Mortgages FHA Mortgages Jumbo Mortgages VA Mortgages Go to any of these links and you’ll see that Google generates a search for the type of mortgage [...]
3May2010 | Peter G. Miller | 0 comments | Continued
Refinance Today! Act Now! (But Watch Your Wallet)
I’m always pleased when people want to help me, when they want me to get ahead. Surely such motivations describe the many folks who write with ideas that will allow me to make smaller mortgage payments and thereby save money, cut costs and better my life. Because such suggestions are made with only my best [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
What’s The “APR?”
The Annual Percentage Rate (APR) represents most — but not all — of the costs that will be charged over the projected life of a loan, costs such as interest and points. One catch is that loans do not normally last as long as projected. As an example, when points are paid, they are undervalued [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
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