Interest Rate and APR

Interest Rate and APR are tied together but are not the same thing. The Interest Rate is the percentage of an amount of money which is paid for its use for a specified time. Usually expressed as an annual percentage.

The APR reflects the cost of your loan as a yearly rate. The rate may be higher than the interest rate stated in your Mortgage or Deed of Trust, because the APR includes in addition to the interest, loan origination fees, commitment fees, prepaid interest and other credit costs which may be paid by you.

There are several different lenders we work with.  They usually have many options to choose from.  If you would like for us to try and get a rate better than the one you’ve found, contact us anytime.

We are always ready to do whatever it takes to be available for you and your real estate needs.

Please Feel Free To Share This With Others!

• Bookmark on Delicious
• Digg this post
• Recommend on Facebook
• Buzz it up
• Buzz it up
• Tip on Hyves
• Share on Linkedin
• Mixx it up
• Share via MySpace
• Share on Orkut
• share via Reddit
• Share with Stumblers
• Tumblr it
• Tweet about it
• Share on vkontakte
• Subscribe to the comments on this post
• Tell a friend
• Print for later

You can leave a response, or trackback from your own site.