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Loan Modification

: The Truth About Mortgage.com

Why is the APR Lower Than the Mortgage Rate?

By scot184

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If you’ve been shopping mortgage rates lately, you may be wondering why the APR is sometimes lower than the advertised interest rate. The APR, or annual percentage rate, is the interest rate of the loan factoring in specified closing costs like the loan origination fee, processing fees, mortgage insurance, and so forth. That said, if a mortgage [...]

Full post as published by The Truth About Mortgage.com on February 09, 2010 (boomark / email).

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