The actual yearly interest rate paid by the
borrower. It incorporates such elements
as interest rate, mortgage insurance,
and loan origination fee (Points).
The APR is usually about 0.5 percent
higher than the note rate!?
The actual yearly interest rate paid by the
borrower. It incorporates such elements
as interest rate, mortgage insurance,
and loan origination fee (Points).
The APR is usually about 0.5 percent
higher than the note rate!?
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