Archive For August 18, 2016

What’s the Difference Between APR and Interest Rate?

What’s the Difference Between APR and Interest Rate?

If you’re in the process of buying a home and securing a mortgage, you may have seen both the interest rate and annual percentage rate (APR) expressed on various websites and forms. While they’re similar, there are a few key differences — and they’re definitely not interchangeable terms.  Here’s what you need to know:  …

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