
I’m Talking “APR” and I Don’t Mean April!
Posted Friday March 25, 2016 in Home Loan, Mortgage
Oh, the mortgage world! It's filled with acronyms and abbreviations. A-P-R is a common one though. It stands for annual percentage rate. And, it is NOT the same thing as your loan interest rate. Interest Rate The interest rate on your mortgage is the rate you agree to pay the lender each month for allowing…