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Archive: September 2018

Mortgage Myth: “Interest rate and APR are the same thing.”

Posted on September 14, 2018 by Summit Mortgage Corporation

Mortgage Myth: “Interest rate and APR are the same thing.” Truth: Words like ‘escrow’, ‘amortization’, and ‘APR’ can sound like jargon gibberish to the untrained ear. However, taking the time to understand the difference between APR and an interest rate … Continued

Posted in Mortgage Industry News

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