Mortgage Myths Revealed

Myth: The Interest Rate Determines The True Cost Of The Mortgage The annual percentage rate (APR) is what is used to determine the true cost of the mortgage. The APR includes the interest rate, points, mortgage insurance, and all other fees. This figure will give you a better idea of the total cost over the ...

HARP 2.0

Originally announced in March 2009, HARP is a federal government program designed to help millions of underwater or near-underwater homeowners refinance into a fixed loan with a lower monthly payment.