Many borrowers only focus on the contract interest rate of their mortgage, however, the APR (Annual Percentage Rate) is just as important when considering the best mortgage option. The Annual Percentage Rate includes any additional fees the lender will charge in addition to other fees like broker fees which can be included if the loan is with an alternative lender. As a borrower, if you really want to get the best mortgage interest rate, then you MUST understand the TOTAL COST OF BORROWING.
For more information, please do not hesitate to reach out to me at www.coluccimortgages.com OR comment below with your questions.
Sarah A. Colucci, Sr. Mortgage Agent Lic. M14000929
Mortgage Edge, Broker 10680
Direct: (647) 773-4849
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