What is “APR”?
APR is short for “Annual Percentage Rate.” The APR is the percentage figure that expresses your total cost of obtaining and financing a loan, i.e. what you’re truly paying for that mortgage. The APR is the percentage figure that takes the true Note Rate (the interest...Conforming Loan Limits Decreasing: “Must Close By” Date Moved Up
I’ve mentioned in a previous post (August 7th) that conforming loan limits are set to decrease in January 2009. In high-cost counties, this means a decrease from $729,750 down to $625,500. We knew that this loan limit was temporary and set to expire on December...The $700 Billion Bailout Plan: Part Deux
The government’s rejection of the $700 billion bailout plan came as a shock on Monday, causing the Dow Jones to plunge in the single largest loss in its history. The Senate is set to vote tonight on a revised rescue plan, which includes increasing FDIC insurance...The $700 Billion Bailout Plan: Who, What, When, Where, Why
Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson are set to testify to the federal government for their $700 billion bailout plan. They’re trying to sell the plan and get it approved so that our federal government will BUY all the bad loans that...Loan Calculator
Try for free!
Free eBook
