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How is the additional % calculated once the additional charges are determined?

April 26, 2017additional calculated Charges

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How is the additional % calculated once the additional charges are determined?

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APR is the interest rate that would amortize the original balance. APR calculation pretends that we amortize points and certain other fees over the life of the mortgage. Because of this, it is unwise to compare APR’s on mortgages with different terms.