Will the APR always be higher than the quoted rate... - Loan Modification - Free Foreclosure Help

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06-09-2009, 12:15 PM

NJB

Junior Member

Join Date: Jun 2009

Posts: 1

Will the APR always be higher than the quoted rate...

...for a 30 year mortgage? I've noticed in some APR calculators specifically for fixed rate products that when a higher APR is chosen such that the mortgage company pays you points to take that higher rate, the quoted APR may be lower than the actual rate?Is that correct or is there an issue with the APR calculation?

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