The repercussions of a home loan are far-reaching, from the interest rate to fees. Under one federal law called Truth in Lending Act (TILA), all mortgage lenders must disclose their APR - or annual percentage rates on loans. But there is more than just this when applying for a mortgage; some other factors that may be taken into consideration include documentation fees and private mortgage insurance costs. The amount you pay for a home loan is usually more than the cost of your mortgage. The most misleading thing about loans can be when it comes to APR, or annual percentage rate. There are different types of fees which may not actually affect your monthly payment and still get included in that number such as private mortgage insurance (PMI) if you put less down on the house purchase price. In today's world, being aware of these things will make buying a new property much easier because now buyers know what they're really getting themselves into before signing any paperwork! The truest cost for owning a home isn't always just paying off an interest-bearing loan at one point per year; there are many other costs associated with purchasing real estate.