Real Estate glossary
What is ANNUAL PERCENTAGE RATE (APR)?
ANNUAL PERCENTAGE RATE (APR) — The relationship of the total finance charges associated with a loan. This must be disclosed to borrowers by lenders under the Truth-in-Lending Act.
Real Estate glossary
ANNUAL PERCENTAGE RATE (APR) — The relationship of the total finance charges associated with a loan. This must be disclosed to borrowers by lenders under the Truth-in-Lending Act.