Super Contributor
ShanetheMortgageMan
Posts: 7,701
Registered: ‎09-28-2007
Re: Have a question about Refi--rate vs. APR

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.