Rates vs. APR

Interest rates, and the fees required to obtain that rate from a given lender can be confusing especially when comparing one lender to another. In order to reduce this confusion, lenders are required to provide borrowers with a document called a TIL or Truth in Lending statement. This document lists the interest rate and fees …

Fixed vs. Adjustable Home Loans

Which is the better loan option for you: fixed or adjustable? The low initial cost of adjustable-rate mortgages (ARMs) can be very tempting to home buyers, yet they carry a great deal of uncertainty. Fixed-rate mortgages offer rate and payment security, but they can be more expensive. Continue Reading

Difference between Pre-Qualification and
Pre-Approval for a Home Loan

It is important to work out the details of your home loan with your Loan Officer, who can review your situation and tailor a loan program and maximum purchase price at which you, the borrower are comfortable, and which the Loan Officer can obtain approval for on your behalf. Many potential borrowers make the mistake …

The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.