Annual Percentage Rate (APR)
An annual percentage rate (APR) is a broader measure of the cost to you of borrowing money, also expressed as a percentage rate. In general, the APR reflects not only the interest rate but also the interest, principal and any additional fees such as legal fees or appraisal fees on your home. The APR is typically higher than your interest rate because it includes the additional fees required. BACK TO BLOG FEED
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