An Explanation of Annual Percentage Rate (APR) and Mortgage Rates

An Explanation of Annual Percentage Rate (APR) and Mortgage Rates

An Explanation of Annual Percentage Rate (APR) and Mortgage Rates

When applying for a mortgage, any type of mortgage, borrowers will see the mortgage rate and annual percentage rate, also known as the APR. The APR is required to be shown by lenders when advertising interest rates, as well as, upon application. This video will explain further the difference between the mortgage rate and APR. For more information about mortgage rates and lenders, visit FreeRateUpdate.com

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