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FAQ

Frequently Asked Questions

Frequently Asked Questions

 
FAQ

What is a mortgage?

A mortgage is a loan provided from a mortgage lender to purchase a property.
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FAQ

What is the difference between the interest rate and the annual percentage rate (APR)?

Interest rate is the contractual rate that you agree to pay for your mortgage loan. This rate is used to calculate the interest portion of your monthly mortgage payment. Annual percentage rate (APR) includes your interest rate and factors in the prepaid finance charges to give you an average yearly rate. APR can be a good tool to use when you're comparison shopping for rates.
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Contact Info
Contact
by Email
Patty Harrison
patty@smartmtgs.net
Smart Mortgage
Ph: 630-854-3459
Cell: 630-854-3459
Fax: 630-904-9805