Interest Rate and APR are tied together but are not the same thing. The Interest Rate is the percentage of an amount of money which is paid for its use for a specified time. Usually expressed as an annual percentage.
The APR reflects the cost of your loan as a yearly rate. The rate may be higher than the interest rate stated in your Mortgage or Deed of Trust, because the APR includes in addition to the interest, loan origination fees, commitment fees, prepaid interest and other credit costs which may be paid by you.
There are several different lenders we work with. They usually have many options to choose from. If you would like for us to try and get a rate better than the one you’ve found give us a call.
We are always ready to do whatever it takes to be available for you and your real estate needs.
If you have any questions at all, please feel free to click or call 844.614.8300 to speak to a representative today.
