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What is the difference between A.P.R. and interest rate?

April 26, 2017Interest rate

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What is the difference between A.P.R. and interest rate?

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The APR (annual percentage rate) reflects the cost of your mortgage loans as a yearly rate. It also incorporates the cost to obtain the loan, such as discount fees and loan origination fee. The interest rate is the actual note rate.

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The APR (annual percentage rate) reflects the cost of your mortgage loan as a yearly rate. It also incorporates the cost to obtain the loan, such as discount fees and loan origination fee. The interest rate is the actual not rate.

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Posted

The APR (annual percentage rate) is the cost of your loan expressed in terms of an annual rate. The interest rate is the rate your payments will be calculated on for the life of your loan.

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Posted

The APR (annual percentage rate) reflects the cost of your mortgage loan as a yearly rate. It incorporates the cost to obtain the loan, such as discount points and loan origination fee. The interest rate is the actual note rate.

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Posted

The APR (Annual Percentage Rate) reflects the cost of your mortgage loan as a percentage of the net amount borrowed. It incorporates the cost to obtain the loan, such as lender fees, discount fees and loan origination fee. The interest rate is the actual note rate.

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