How Different Are Interest Rates And APR?
The rate of interest is the monthly amount you pay on any un-cleared amount of your loan. On the other hand an annual percentage rate includes your interest rate and any other additional rates such or prepaid finance charges such as origination fee, private mortgage insurance, points, processing and under writing fees. The interest rate is the rate at which your monthly payments will be calculated, the APR is the universal measure which will help you compare the different rates offered by different mortgage lenders. • How Do You Come Up With Loan Options With My Information Provided While you use our mortgage pages or our mortgage calculators we try to come up with the best loan depending on what you are looking for: a lower rate; more cash for your home Our website will come up with 6 possible loan options for you. If you are still not satisfied then you can call us and we can specially customize a loan for you. As we do not know everything about you, it is always better to speak to o
