QHow Do I Shop For A Mortgage?
ABottom line, the annual percentage rate (APR) is probably the most important factor when shopping for a mortgage loan. The APR includes all the costs of credit, such as interest, points, and other charges required as a condition to the loan. Under the Truth-In-Lending Act, lenders are required to disclose the APR to provide you with a uniform and simple way of comparing loans and to prevent hidden finance charges. Also, because mortgage packages vary widely, it's important to investigate and compare options from lenders to find what best suits your needs. Mortgageloans.info can help by putting you in contact with a variety of qualified lenders.