Blog tagged as Cost of borrowing

When it comes to understanding a mortgage for a self employed individual it is critical to recognize that the core principles of the mortgage remain the same whether you are self-employed or employed as a traditional employee. The process of securing a mortgage for a self-employed individual ca...

Let's say you have a mortgage commitment from a lender, and prior to the closing date, rates change and come down a bit. Today, we will discuss how this change in rates can potentially benefit you and save you some money in interest expense; or how a rate change can affect how much more you cou...

For many homeowners and potential homeowners, one of the first questions that comes up when shopping for a mortgage is "what is the interest rate on my mortgage?". Of course, the interest rate is important; however, even more important is the Annual Percentage Rate, or APR, since this...