Mortgage Rate: The cost or the interest rate you pay to borrow the money to buy your house.
Annual Percentage Rate (APR): How much a loan costs annually. The APR includes the interest rate, points, broker fees and certain other credit charges a borrower is required to pay.
Mortgage rates grab the headlines, but the annual percentage rate of a loan is far more important to a consumer than the mortgage rate. The annual percentage rate includes the fees tacked on to the loan so it's the actual cost of borrowing the money.
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At bradfordmillerlaw.com you will find information about our firm along with helpful real estate information. Give us a call at 312-238-9298 for a FREE 15-minute consultation to discuss your pending or potential real estate transaction.
Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
Offering free legal representation to homeowners seeking a short sale
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