MOST COMMON USED MORTGAGE JARGON I SHOULD KNOW
Understanding mortgage jargon like APR, points, and preapproval is mandatory essential when comparing house loans, but getting a full command over it can feel a bit like learning a new language. To assist, here’s my guide to some of the most common mortgage jargon I’m likely to encounter as I shop for a mortgage. WHICH MORTGAGE JARGON I SHOULD KNOW ABOUT 1. ANNUAL PERCENTAGE RATE (APR) Annual Percentage Rate (also called APR) identifies the annual cost of a loan, expressed