What Is APR and How Is It Different From the Mortgage Interest Rate?
Two Numbers That Tell Different Stories When comparing mortgage offers from different San Diego lenders, you will see two rates: the interest rate and the Annual Percentage Rate. Understanding the difference — and which one to use for comparison — can save you thousands of dollars in your home purch
Should I Lock My Interest Rate When Buying a Home in San Diego?
What Is a Rate Lock? A mortgage rate lock is a commitment from your lender to hold a specific interest rate for a defined period — typically 30, 45, or 60 days — regardless of what happens to market rates during that window. If rates rise after you lock, you are protected. If rates fall, you may be
How Do Mortgage Interest Rates Work and How Do They Affect My Payment in San Diego?
Interest Rate: The Cost of Borrowing Your mortgage interest rate is the annual cost your lender charges for lending you money — expressed as a percentage of the loan balance. The rate has an enormous impact on your monthly payment and total cost over the life of the loan. In San Diego's high-price m
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