Question: what is the difference between high cost mortgage and high priced mortgage?
Answer: In general, for a first-lien mortgage, a loan is “higher-priced” if its APR exceeds the APOR by 1.5 percent or more. ... On the other hand, a high-cost mortgage has the following three major criteria in its definition: The APR exceeds the APOR by more than 6.5 percent.