Tag: Loans
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Interest Rate vs. APR: What’s the Difference?
When shopping for a new home loan, it’s easy to feel overwhelmed by the terminology that lenders and realtors use to describe various aspects of lending: PITI, conforming/non-conforming, jumbo, conventional/nonconventional, ARM… I often tell clients, when in doubt, ask your lender to explain anything and everything to you. There are no dumb questions in real…