homes and mortgages
Acorn spokesperson defends breaking into Foreclosed homes.
Regarding Home Mortgages, what is the difference between, APR and the Mortgage Rate?
The mortgage rate is the interest rate. 5.5% fixed for 30 years.
The APR takes that rate and adds in all the “costs” of the loan. If your loan costs were $1,000, the APR might be 5.6%. If the loan costs were $8,000, the APR might be 6.2%.
A high APR is your warning that you are paying a lot of loan fees.