Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the APR and why is it different from my rate?

Apr different rate
0
Posted

What is the APR and why is it different from my rate?

0 CommentsAdd a Comment

1 Answer

0

The APR (Annual Percentage Rate) is a mathematical composite of your initial interest rate, fees that the Truth-in-Lending Act deem should be considered “finance charges” and, in the case of Adjustable Rate loan programs, some potential future changes to your rate.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123