Sentences with phrase «full cost of the loan»

As a borrower, you should evaluate the full cost of the loan product (s) you are considering.

The bottom line is that you have to consider the full cost of each loan product when you are comparison shopping.

As a borrower, you should evaluate the full cost of the loan product (s) you are considering.

The bottom line is that you have to consider the full cost of each loan product when you are comparison shopping.

Just make sure you are aware of the full cost of the loan over its entirety.

Savvy borrowers know that the interest rate is not the full cost of the loan — there's a difference between a loan at 6.75 percent at 6.6 percent plus 2 points — the «higher» rate may actually be the cheaper loan.

Please carefully evaluate the full cost of the loan and make sure you understand all terms and conditions before signing loan documents.

Also make sure that you understand the full cost of the loan, or line of credit, and are comfortable with the terms.

Annual Percentage Rate (APR) The measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate.

While the interest rate measures the monthly payment, the APR is used to figure the full cost of the loan.

This provides a better idea of the full cost of the loan over the term.

Read your loan contract carefully before signing to be sure you can afford the full cost of your loan.

It is more accurate to look at the annual percentage rate (as opposed to the stated interest rate) to determine the true cost of a loan, because it tells you the full cost of the loan including many of the lender's fees.

The first step is to gather information that shows the full cost of each loan, including points and fees.

Good Faith Estimate (GFE)-- An estimate, provided by a mortgage lender, detailing the full costs of a loan.

If you still owe the lender money, because they didn't recoup the full cost of the loan, or if they are sending you a check, because they recouped more money than the balance of the loan.

Sometimes, points are incorporated into the mortgage amount, but this strategy increases the loan amount and the full cost of the loan.

After all, you can't compare one mortgage offer to another until you know the full cost of the loan.

So let's start with some key definitions: Good Faith Estimate — Also referred to as a GFE, this is a document that mortgage lenders give to borrowers to help explain the full costs of a loan.

The second one, the annual percentage rate (APR), shows the full cost of the loan and includes other charges.

Before you borrow money, make sure you know the full cost of the loan — and not just what your monthly payment will be.

E-LOAN doesn't charge lender fees because it factors in the full cost of its loans in the interest rates and points.

APR is a measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate.

The bottom line is that you have to consider the full cost of each loan product when you are comparison shopping.

As a borrower, you should evaluate the full cost of the loan product (s) you are considering.