This Mortgage Tip is brought to you by: Jefferson Lewis Board of Realtors and Northern Credit Union. Hi, I am Lance Evans the Executive Officer of the Jefferson-Lewis Board of REALTORS. Last week I spoke briefly about APR or Annual Percentage Rate. A large portion is the interest on the loan, so it is important that you find the best rate you can. In addition to the interest rate, the APR includes some of the closing costs such as mortgage insurance, administrative and processing fees, and pre-paid interest. The APR does not cover items such as title insurance, taxes, and fees for the appraisal, loan application, credit report, and inspections. These will need to be paid upfront. Your loan professional can help guide you. He or she wants to help you Dream It, Live It, Own It in Northern New York. This Mortgage Tip of the week brought to you by Northern Credit Union. Home of the lowest mortgage rates guaranteed. Get $100 at closing when you apply on line at mynorthern.com. Listen each week for another Mortgage Tip right here.