Transparency? Not on the TV. Here’s the truth behind one well-advertised lender’s 4.625% rate — yes the rate quote is real but only with $8,090 in fees on a $250,000 mortgage. That’s revealed by the 4.901% APR just to the right of the rate quote. This isn’t transparency! It’s shocking that no one in the media is talking about the costs, the two-headed monster of getting a real quote for your mortgage.

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