Interest Rate vs. APR – What You Don't Know Can Hurt You! When lenders adve…
Interest Rate vs. APR – What You Don't Know Can Hurt You! When lenders advertise mortgage rates, they are required to display an additional number called the annual percentage rate, or APR. The advertised rate is the one used to calculate your mortgage payment. But an advertised rate tells you nothing about the cost of the loan or if it's a good deal.
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