Born in Greece in 1977. From 1993 until 1996 he studied sketching, painting and architectural design under the guidance of the painter Michalis Vamvakaris in the city of Volos. From 1997 until 2000 he studied Graphic Design (BA Hons) at the…
8. 6. 2020163 zhlédnutíWhat a treat it is to have our first special guest, intimacy and relationship coach, Tia Evagelou! This episode is rich with her wisdom and insight. We highl...
What’s the difference between mortgage interest rates and APR?While the terms “interest rate” and “annual percentage rate (APR)” are often used interchangeably, they’re not the same. A mortgage interest rate reflects the cost you pay to the lender in return for borrowing money on top of your loan amount. The APR on a mortgage, on the other hand, includes the interest and any other fees or penalties associated with the loan. Because of this, the APR can give you a better idea of how much you’ll pay on a mortgage compared to just the interest rate.What is a mortgage rate lock?A mortgage rate lock is a guarantee that the rate you’re offered in your mortgage application acceptance is the one you will eventually pay, assuming you close within a normal period of time and make no changes to your application. In a period of rising or volatile interest rates—like the present one—it may be wise to lock in a rate that seems affordable for you.When should I lock my mortgage rate?It can be tricky to time any market, and mortgage rates are no exception. If conditions are choppy and interest rates are likely to rise, it may be smart to lock in a rate that works with your budget and seems fair to you. Be sure to ask your lender about the consequences of not closing within the time frame specified in a rate lock agreement and also about what could happen if rates fall after you lock in a rate.
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