Understanding the Basics of Mortgage Lending...
By Ricardo "The Realtor" Perdomo, For all of your Real Estate needs & more... Call R
(Keller Williams Realty)
Southern California Real Estate Agent If you are thinking of buying or selling Real Estate in Southern California, work with a Realtor who knows the best neighborhoods in Los Angeles & Orange County. Beach, water front and golf communities. Call me today: 562.533.4003 & visit www.RicardoTheRealtor.com Open a newspaper and you're likely to see an advertisement for a lender announcing their mortgage terms and rates. Sometimes the ad will include both the interest rate and the Annual Percentage Rate or APR. You may wonder, "What's the difference?"The interest rate is the percentage of the loan amount the lender is charging you to borrow the money. It does not include other, less obvious, charges like interest and fees. The Federal Truth in Lending Law requires all banks and lenders to also...
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