Your home will probably be the biggest single investment you make in your lifetime. Youll be borrowing hundreds of thousands of dollars and paying interest on that amount for the next 15 or 30 years. It pays to shop around for the best deal.
To compare one loan to another, you need to look beyond the quoted interest rate and understand the annual percentage rate (APR). This is the actual cost of the loan, and it must be disclosed on all consumer credit applications. (más…)