What Is an APR? Annual Percentage Rate, Explained

What Is an APR? Annual Percentage Rate, Explained

pawel.gaul/iStock What is an APR? The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when you get a mortgage from a lender to buy a home. APR can also be considered the total cost for a debt over a one-year period. The “and other...

What Is PMI? Private Mortgage Insurance, Explained

If you need a mortgage to buy a house but lack the funds to make a 20% down payment, you might end up paying an added fee called private mortgage insurance, or PMI. So what exactly is PMI? In the same way homeowners insurance protects you in case of problems in your...
Real Estate Agent Fees: Who Pays the Bill?

Real Estate Agent Fees: Who Pays the Bill?

sasun1990/iStock Real estate agent fees are how most agents are paid for the homes they sell. This commission can vary from state to state and among brokerages. But in real estate, who is responsible for paying commission—the buyer or the seller? Who pays the...
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