APR Is Misleading – Thoughts from Barry Habib of MBS Highway


APR – One of My Favorite Topics

Mike Nelson - Efficient Lending

APR is confusing and misleading.  I understand the intent, but there are much better strategies to compare the costs associated with different loans.   Asking your loan officer for Estimated Fee Sheets, amortization schedules, and interest rate discounts/credits are several cost comparison strategies you can use to ensure a competitive loan.  More to the point, make sure you are working with lenders who provide cost information relative to your needs.  Click on my YouTube video above for a discussion on APR and points. 

Please feel free to call, text, or email anytime with questions.  I love to continue the dialogue.

Click on the image below for a PDF of Barry’s presentation


Happy house hunting,

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