May 14, 2009
The Annual Percentage Rate (APR) was created with good intentions to make complicated things if not simple, then at least simpler. It even works in many cases! Unfortunately, it also fails in just as many other cases, which sort of devaluates it as a universally reliable tool. The APR looks a lot like an interest [...]
April 30, 2008
Today I suggest we talk about the so-called “no-cost” refinancing. First of all, this commonly used name for a refinancing option one can find very useful under certain circumstances is in fact rather misleading, because: No-cost does not mean free from any costs; No-cost refinancing helps you only with the Non-Recurring Closing Costs; No-cost refinancing [...]
