APR is an acronym for Annual Percentage Rate. It’s a government-mandated calculation meant to simplify the comparison of mortgage options. A loan’s APR can always be found in the top-left corner of the Federal Truth-In-Lending Disclosure. Because APR is expressed as a percentage, many people confuse it for the loan’s interest rate. It’s not. APR represents the total […]
Simple Real Estate Definitions :APR
November 27th, 2009 · Comments Off on Simple Real Estate Definitions :APR
Tags: Consumer Interest · Economy · Mortgage Lending · Real Estate