Stacy Howard Homes

📚 Real Estate Vocabulary Word of the Day: APR

APR stands for Annual Percentage Rate and represents the total yearly cost of borrowing money.

Many buyers focus only on the interest rate, but APR can provide a more complete picture because it includes certain lender fees and loan costs.

Understanding the difference can help you compare loan options more effectively and make more informed decisions during the home-buying process.

What mortgage term should I explain next? 🏡

Stacy Howard
REALTOR® | Mortgage Advisor

TREC #804524 | NMLS #1741066

For educational purposes only. This is not a commitment to lend. Loan approval is subject to credit, income, asset, and property approval.