Re: Have a question about Refi--rate vs. APR
01-13-2009 09:02 AM
The APR on the TIL reflects all of the pre-paid finance charges (PFC) that are charged to you at closing - pre-paid interest, origination/discount fees, most lender fees, escrow settlement fee, etc. are all items that are included in the APR calculation.
You'll find a lot of good reading on it at http://mtgprofessor.com/mandatory_disclosures.htm as well.