What is the difference between APR and my mortgage rate?
What is the difference between APR and my mortgage rate?
What is the difference between APR and my mortgage rate? This is one of the most common questions about the mortgage lending process. If you are in the market for a home loan, it is helpful to learn the difference between your mortgage rate and your annual percentage rate, or APR.
Let’s start with your mortgage rate. That’s the base rate you will be charged to borrow the money needed to buy your…
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