APR is the actual cost of borrowing money. It can be more than the note rate as it represents the full disclosure of loan origination fees, loan discount points, interest rates, and other credit costs that will be paid to the lender.
Annual Percentage Rate (APR)
APR is the actual cost of borrowing money. It can be more than the note rate as it represents the full disclosure of loan origination fees, loan discount points, interest rates, and other credit costs that will be paid to the lender.
