Mortgage Rate vs APR Explained (Simple Example That Saves You Money)
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YouTubeR & J Capital Group, LLC - Mortgages
Mortgage Rate vs APR Explained (Simple Example That Saves You Money)
Mortgage Rate vs APR (Annual Percentage Rate) — what’s the difference, and why does it matter when you’re getting a home loan? In this video, we break down these two important numbers, how they’re calculated, and why the government created APR in the first place. We walk through a real-life example using a $300,000 loan at 6% interest ...
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