interest: Western Montana & Missoula First Time Homebuyers - Don't Just Check On The Rate! - 09/30/09 01:26 AM
This is great information for all home buyers in Missoula and Western Montana - it's about more than just the rate.


There are tons of first time homebuyers out there negotiating the best deal on their new home, and now it's time to get a mortgage.
Most of them only know how to ask one question:  What's the Rate?
We've been in the mortgage business for over 20 years - and the only thing most people know to ask is - "What's the Rate?" 
While that's a great question, it's kinda' like going into a shoe store and asking … (2 comments)

interest: Missoula Home Buyers - OMG Watch Out for Lurking APR Predators - 09/22/09 02:51 AM
This is a great explanation of Annual Percentage Rate from Bill Ladewig for Missoula or Western Montana Home Buyers.

APR Predators and APR Demystified
First, lets demystify Annual Percentage Rate (APR).

APR was designed to allow consumers to use one standardized number to compare the real cost of each lender's interest rate and it works like this.
If I lend you, $10,000  and, I charge a $500 Bump-ta-Bump Fee, you will actually receive $9,500, however you must still repay me $10,000.  APR is my real yield and your real cost on this loan.
We agreed that you will repay the loan at 8% interest on $10,000, HOWEVER you only received $9,500 therefore … (1 comments)