Is checking the APR the best method for comparing mortgages?

APR is not a very good way to compare in my opinion, it is easily and often manipulated. The best way to compare mortgage quotes is to simply compare the rates and add up the fees to get that rate. If you received a GFE, then the important areas are on page #2, lines 1, 2 and Box A. Pay close attention to these numbers and compare them against others. Check my profile for a complete guide to understanding the new GFE and how to compare.

I would have to agree with GVDenny. The APR can be easily manipulated by not including certain costs and fees in the calculation. We are Nationwide Direct Lenders and I would love to give you a FREE quote. Compare our GFE against whoever you wish and you will see the savings. www.Mortgage-FHA-Rates.com

The best method is not comparing rates, APR, or fees. The best method is interviewing mortgage professionals to see whom will give you the best return on investment.