What Is The Best Way To Shop Around?

A good way to shop around is to compare the APR (annual percentage rate) on the loan.  There are lots of different ways to structure the charges on a mortgage. This is an official term used in the mortgage industry to display a single number that represents all costs associated with a particular loan.  The higher the number, the more expensive the cost. All mortgage lenders and brokers are required to disclose this to you.

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