The interest rate is what you pay to borrow money. The APR (Annual Percentage Rate) includes that plus other costs like points, fees, and closing costs. APR is the more accurate picture of what a loan will truly cost you 📊. Don’t just shop for rates—compare APRs when picking a lender!
Want help decoding loan offers? I explain it all over on my IG—come join me 👉 @angelaaull_realestatelife