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What is APR (Annual Percentage Rate) And How Does it Impact Homebuying?

January 31, 2022 annual percentage rate apr, apr calculation, apr works, borrow money, card issuers, carry a balance, cash advance apr, cash advances, cost of borrowing, credit cards apr, credit products, credit score, fixed apr, Interest Rates, life of the loan, penalty apr, prime rate, purchase apr, variable apr

You may have heard of the term “annual percentage rate (APR)” but might not understand exactly what it means. But just like other important mortgage terms like rate lock, it’s important to understand APR from top to bottom because it affects how much you pay for your mortgage over the long term. We’ll cover some […]

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