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Mortgage Myth: “Interest rate and APR are the same thing.”

by Summit Mortgage Corporation | Sep 15, 2018 | Mortgage Industry News

Mortgage Myth: “Interest rate and APR are the same thing.” Truth: Words like ‘escrow’, ‘amortization’, and ‘APR’ can sound like jargon gibberish to the untrained ear. However, taking the time to understand the difference between APR and an interest rate can save you...

Mortgage Myth: “Interest rate and APR are the same thing.”

by Summit Mortgage Corporation | Sep 15, 2018 | Mortgage Industry News

Mortgage Myth: “Interest rate and APR are the same thing.” Truth: Words like ‘escrow’, ‘amortization’, and ‘APR’ can sound like jargon gibberish to the untrained ear. However, taking the time to understand the difference between APR and an interest rate can save you...

Mortgage Myth: “Renting a home is cheaper than buying a home in the long run.”

by Summit Mortgage Corporation | Aug 14, 2018 | Mortgage Myths

Mortgage Myth: “Renting a home is cheaper than buying a home in the long run.” Truth: Renting and home ownership come with their own unique benefits. In deciding which route is right for you, it is important to assess your financial position, as well as your personal...

Mortgage Myth: “Renting a home is cheaper than buying a home in the long run.”

by Summit Mortgage Corporation | Aug 14, 2018 | Mortgage Myths

Mortgage Myth: “Renting a home is cheaper than buying a home in the long run.” Truth: Renting and home ownership come with their own unique benefits. In deciding which route is right for you, it is important to assess your financial position, as well as your personal...

Top 3 Reasons to Shop Around for Your Mortgage

by Summit Mortgage Corporation | Aug 3, 2018 | Mortgage Industry News

Buying a home is one of the single biggest decisions you will make in your lifetime and likely your most expensive purchase. Why wouldn’t you want to get the best deal possible? A mortgage is a long-term financial commitment, so it makes sense to shop around for the...
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SUMMIT MORTGAGE CORPORATION | NMLS 3236 • Equal Housing Opportunity
Information is not guaranteed and should be verified. Licensed in CA by the Department of Business Oversight. Loans will be arranged or made pursuant to the California Financing Law. Questions and concerns may be directed to support@go-summit.com, 4700 S Macadam Avenue, Portland, OR 97239. NMLS Consumer Access - Summit Mortgage Corporation/3236. Not all applicants will qualify. The views expressed here are my personal views and do not reflect the views of my employer. Miles D. Rusth Home Loans is a division of Summit Mortgage Corporation. Miles D. Rusth is licensed to originate mortgage loans in OR/WA/CA/ID/SD/FL/GA/TN/CO.

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