mortgage rates, mortgage rate, mortgage rates in california
Rates
• Ask each lender and broker for a
list of its current mortgage interest
rates and whether the rates being
quoted are the lowest for that day
or week.
• Ask whether the rate is fixed or
adjustable. Keep in mind that when
interest rates for adjustable-rate
loans go up, generally so does the
monthly payment.
• If the rate quoted is for an
adjustable-rate loan, ask how your
rate and loan payment will vary,
including whether your loan payment
will be reduced when rates go
down.
or thrift institutions.

Ask about the loan’s annual
percentage rate (APR). The APR
takes into account not only the
interest rate but also points, broker
fees, and certain other credit
charges that you may be required
to pay, expressed as a yearly rate.
- posted by Mark Pane @ 7:10 PM 0 comments