The Difference Between a Mortgage’s APR and Interest Rate
by Meredith Dietz from Lifehacker on (#6EGRW)
When shopping for a mortgage, you'll likely encounter two key terms: Annual percentage rate (APR) and interest rate. While these terms often get thrown around interchangeably, understanding the difference between them can help you choose the best loan option. Here's the difference between an APR and an interest rate,...