Latest / Mortgage Research Network Podcast
How Mortgage Rates, APR, and Discount Points Really Work
In this episode of the Real Estate Update Podcast, host Paul Centopani sits down with Bernie Frascarelli, Head of Realtor Relations at Best Interest Financial, to break down how mortgage rates, annual percentage rates, and discount points affect the true cost of buying a home. Bernie explains why the interest rate shown on a loan estimate is only part of the picture, what causes the APR to be higher, and how closing costs, credit, down payment, and loan structure can influence the mortgage options available to each borrower.The conversation also explores how mortgage payments are divided…
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