Topical Terminology > Annual Percentage Rate (A.p.r.)
Annual percentage rate (A.P.R.)
For Annual percentage rate (A.P.R.) we have terms and definitions in 2 topics. The topics are Mortgage and Purchasing A Home.
Annual Percentage Rate (A.p.r.) (Mortgage) 
Is a interest rate reflecting the cost of a mortgage as a yearly rate. This rate is likely to be higher than the stated note rate or advertised rate on the mortgage, because it takes into account point and other credit cost. The APR allows home buyers to compare different types of mortgages based on the annual cost for each loan.
See more Mortgage Terms ...
Annual Percentage Rate (A.p.r.) (Purchasing A Home)
An interest rate reflecting the cost of a mortgage as a yearly rate.
This rate is likely to be higher than the stated note rate or advertised rate on the mortgage, because it takes into account points and other credit costs. The APR allows home buyers to compare different types of mortgages based on the annual cost for each loan.
See more Purchasing A Home Terms ...
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