The Difference Between APR and Interest Rate
Two percentages matter when you're comparing home loans, and one is more important.
Among all the numbers swirling around the topic of mortgages, two determine how much you pay for the loan: interest rate and annual percentage rate.
Everyone knows about interest rates because they go hand-in-hand with any kind of loan. Low interest rates are water cooler conversation, inescapable in advertising, a spark that ignites an interest in...