Compare Mortgage Quotes

jonunderwood007 · Joined: 03 Sep 2009 Posts: 38 -0.40 Dollars($)

what is APR (Annual Percentage Rate)

Guest

your interest rate and fees. Use the "calculate apr" link on the right of this website. If you don't know the fees, post some info on the loan terms, such as principle, down payment, points, etc.

catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

The annual percentage rate (APR) is an expression of the interest paid by the borrower after all loan related costs are taken into account. The APR will be inclusive of other fees. It is not interest rate.

The APR may be advertised in the quote. Sometimes lenders hide the APR. APR is lender pespective . Differnt lenders may take different items into account and therefore you may need to obtain a Good Faith Estimate to compare items one by one, rather than compare only loan APR.

The annual percentage rate is also called annual effective interest rate.

If APR has to be calculated without fees, it would amount to the monthly interest multiplied by 12. The same APR for loans of the same amount, but over different periods of time will amount to different monthly payments and different total interest paid

Property State:
Property Type:
Credit Rating:

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

All times are GMT - 7 Hours

Page 1 of 1