What Is Annual Percentage Rate (APR)?

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

Truth-In-Lending snapshot

More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents.

A loan's APR is printed in the top-left corner of the Federal Truth-In-Lending Disclosure, as shown above. When quoting an interest rate, loan officers are required by law to disclose a loan's APR, too.

APR is meant to simplify the process of choosing between two or more loans. The theory is that the loan with the lowest APR is the "best deal" for the applicant because.....

 

Read the COMPLETE BLOG POST HERE:

What Is Annual Percentage Rate (APR)?

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Florida Seminole County Altamonte Springs
Groups:
Florida Realtor® Network
Seminole County Florida
Tags:
orlando real estate
chris brown
orlando mortgages
mortgage chili blog
orlando fha loans

Spam prevention
Show All Comments
Rainer
20,087
Natalie Vizir, Broker Associate Dana Point Laguna Niguel Homes For Sale
RE/MAX Signature Services - Dana Point, CA
Natalie Vizir

Thanks for the post! Informative!

Jul 13, 2011 07:24 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
530,850

Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner

Chris Brown 407.367.2974
Ask me a question
*
*
*
*
Spam prevention

Additional Information