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first time homebuyers cary nc: Mortgage Terms You Should Know! 1st Post! - 04/23/08 04:24 PM
Annual Percentage Rate (A.P.R.) - The actual interest rate for the projected life of a mortgage. This takes into account points showing the payment amount, interest, principal and unpaid balance for the entire term of the loan. It's found on TIL - Truth in Lending.
Appraisal - Estimate of a property's value as of a given date, determined by a qualified professional appraiser. The value may be based on replacement cost, the sales of comparable properties or the property's ability to produce income.
Closing Costs - Cost payable by both seller and buyer at the time of settlement, when the purchase of … (4 comments)

 

Kaety Kowalchuk NC Title Insurance Agent

Cary, NC

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National Title of the Carolinas, LLC

Address: 111 Corning Road, Suite 230, Cary, NC, 27518

Office Phone: (919) 459-1332

Cell Phone: (910) 713-2040

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