My New Blog

As of this date the rates are beginning to inch down and predictions are in the not too distant future we will see much lower rates than today. This may present the opportunity to refinance into a lower rate so concentrate on getting a good rate with low costs. Yes the  rate is of great importance but the other factor you want to consider is the Annual Percentage Rate or APR. You should see both the rate and APR on any advertisement. The rate will be used to determine your monthly principle and interest payment. The APR amortizes the cost of your loan over the term selected. The further the spread between the rate and APR the higher your cost will be. The rate you see will catch your attention (that's what it is designed to do) but the APR will give you an idea of how much it costs to obtain that rate. The APR calculation can vary a little from lender to lender so it's best to get a breakdown of the costs for each so you can make a good comparison. The point here is to get a good rate with low costs now (by comparing the rate to the APR) to open up the possibility of refinancing into a great rate later. Our focus is to give you our lowest rate with the least amount of costs. Put us up against any offer you have and I think you will be pleasantly surprised. Check us out by filling out our "Quick Quote" or giving us a call at (303) 650-9400!