Hi guys, Welcome to the Advanced Video Search Engine, and you are watching The difference between APR and Interest Rate. That video is uploaded by Lizy Hoeffer at 2019-05-06T07:22:42-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [MUp6Fkm7DOc]
| Name | The difference between APR and Interest Rate |
| Video Uploader | Video From Lizy Hoeffer |
| Upload Date | This Video Uploaded At 06-05-2019 14:22:42 |
| Video Discription | UPDATE!!! Check out how to calculate APR and use it when you shop a loan!! https://youtu.be/ZzjK-NIiYhg Why is my “annual percentage rate” (aka APR) higher than my interest rate? This is a frequent question I get asked during the mortgage process, and the answer to this is rather confusing! The confusion starts with the name Annual Percentage Rate... it implies that this is the “interest” percentage that you pay annually for your house, your car, your boat, (your fill in the blank if it’s financed)... While that is true to some extent, it does not explain that your APR includes way more than just interest. It includes ANY fees associated with obtaining financing. Which is why your APR is typically higher than your “locked in rate”! I break this down in more detail along with why financial gurus emphasize knowing this figure on today’s Money Tip! I would love to answer your finance questions! Let me know below if there is a topic you want us to break down in a future MTM! Thank you for tuning in!!! Lizy 👇👇👇 http://lizyhoeffer.com/free-budget-guide/ 480-818-6222 👉Instagram @lizyirvine 👉Check out our podcast - http://bit.ly/30x43bT 🎙Text "LIZY" to 21000 for updates on our market podcast Lizy Hoeffer NMLS ID # 260183. AZ LO-0913409 MUp6Fkm7DOc |
| Category | People & Blogs |
| Tags | Money Tip | Money Hack | Interest vs APR | Finanical Advice | Money Education | Lizy Hoeffer | difference between apr and interest rate | what is APR | annual percentage rate | apr vs interest rate mortgage | apr vs interest rate |
