Hello folks and thanks for tuning in this week to Your Mortgage Minute! This week, we are going to discuss a topic many people ask me about, "What is APR or annual percentage rate?”

I hear this all the time, "I just got an awesome rate on a new mortgage!” My first question back is always the same, "Okay what is your APR?” Crickets is what I usually hear in response, and I have to pause. I know many of you are asking the same questions right now, “what is the APR and why does it matter if I got a great interest rate?” Let’s dig a bit deeper into that, and I think the answer will reveal itself to you (spoiler alert – I’ll tell you why before the end of this week’s discussion).

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.