What does apr mean in relation to mortgages?

Answer When you are looking to purchase a home, the lender will quote an annual percentage rate (APR). The APR represents your cost of borrowing funds. It is a net effective rate that allows you to compar... Read More »

Top Q&A For: What does apr mean in relation to mortgages

What relation is your brother's sister in relation to you?

How many mortgages can I have?

You can have as many mortgages as your lenders deem you to be capable of paying on time. According to the Mortgage Loans Bad Credit website, while some lenders have a limit of four, others may allo... Read More »

Can you have two mortgages?

Homeowners can have more than one mortgage. Many homeowners purchase second homes in vacation areas or investment properties near where they live. Some banks offer two mortgages on the same home as... Read More »

How to Buy Mortgages?

When an individual or a group of investors holds the note for a mortgage (as opposed to a bank or finance company), they will often sell the mortgage to another individual or group of investors. Of... Read More »