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Was this helpful? What exactly is the essential difference between my interest rate and my apr (APR)?

Was this helpful? What exactly is the essential difference between my interest rate and my apr (APR)?

Many thanks for the feedback.

The attention price may be the interest rate charged for mortgage loan and that can be fixed or adjustable, according to which loan you decide on.

The APR is a way of measuring the fee for you for borrowing cash. The APR includes your rate of interest, points, fees, along with other fees related to your loan – that is why it is frequently greater than your rate of interest.