For Annual Percentage Rate (Apr) we have terms and definitions in 13 topics. The topics are Automotive, Construction, Credit Cards, Debt Consolidation, Finance, Financial, Home Equity, Home Purchasing, Housing, Mortgage, Purchasing A Home, Real Estate and Refinance.

Annual Percentage Rate (Apr) (Automotive)

The average compound interest rate over the life of the loan. A yearly rate of interest that includes fees and costs paid to acquire a loan. Lenders are required by law to disclose the annual percentage rate, which is used to compare various loans; it makes simple interest and compound interest loans comparable with each other.

Annual Percentage Rate (Apr) (Construction)

Annual cost of credit over the life of a loan, including interest, service charges, points, loan fees, mortgage insurance, and other items.
Appraisal An expert valuation of property.

Annual Percentage Rate (Apr) (Credit Cards)

The APR is the total yearly cost of the interest on a loan, expressed as a percentage rate.

Annual Percentage Rate (Apr) (Debt Consolidation)

The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR in large, bold print. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing the cost of loans.

Annual Percentage Rate (Apr) (Finance)

The periodic rate times the number of periods in a year. For example, a 5% quarterly return has an A.P.R. of 20%.

Annual Percentage Rate (Apr) (Financial)

A standardized method of calculating interest rates. It permits the comparison of different interest rates just as unit pricing enables comparison shopping at the supermarket.

Annual Percentage Rate (Apr) (Home Equity)

The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR in large, bold print. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing the cost of loans.

Annual Percentage Rate (Apr) (Home Purchasing)

The yearly interest cost of a loan. Monthly mortgage payments include an interest rate equal to 1/12 the APR.

Annual Percentage Rate (Apr) (Housing)

Calculated by using a standard formula, the APR shows the cost of a loan; expressed as a yearly interest rate, it includes the interest, points, mortgage insurance, and other fees associated with the loan.

Annual Percentage Rate (Apr) (Mortgage)

The cost of credit, expressed as a yearly rate including interest, mortgage insurance, and loan origination fees. The annual percentage rate (APR) is an interest rate that is different from the note rate. The APR does not affect your monthly payments. Your monthly payments are a function of the interest rate and the length of the loan. The APR is designed to measure the "true cost of a loan." It prevents lenders from advertising a low rate and hiding fees.

Annual Percentage Rate (Apr) (Purchasing A Home)

The cost of a mortgage stated as a yearly rate; includes such items as interest, mortgage insurance, and loan origination fee (points).

Annual Percentage Rate (Apr) (Real Estate)

The total cost or finance charge for a loan per year, expressed as a percentage of the loan amount. It is the sum of the interest and any other fees, such as discount points, compared to the amount of the loan. The lender is required by the Truth-In-Lending Act to disclose the APR using a procedure prescribed by the federal government.

Annual Percentage Rate (Apr) (Refinance)

The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR in large, bold print. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing the cost of loans.

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