interest rate

Mortgage APR: The difference between APR and interest rate
interest rate 2d ago 
Rob Kirby:Capital Markets Hallucinating Off Low Interest Rates
interest rate 2d ago 
Interest rate remains unchanged
interest rate 3d ago 
Productive Conversations: Rising Interest Rates
interest rate 3d ago 
Mark Carney destroying UK economy with low interest rates (07Aug13)
interest rate 3d ago 
How Home Loan Interest Rates Fared  Looking for Equity Loan Interest Rates?
interest rate 4d ago 
Interest Rates  Graeme Leach
interest rate 5d ago 
Bradbury on interest rates
interest rate 5d ago 
Reserve Bank may be forced to raise interest rates
interest rate 6d ago 
Weaker data will prevent Bank of England from raising interest rates this year
interest rate 6d ago 
Czy niskie stopy procentowe są dobre?
interest rate 6d ago 
Don't Bet on Rising Interest Rates Just Yet
interest rate 6d ago 
Ako vzniká úroková sadzba LIBOR?
interest rate 1w ago 
Relationship between real and nominal interest rates in the presence of inflation
interest rate 1w ago 
In Business Not Worried About U.S. Interest Rate Hike: JPMorgan
interest rate 1w ago 
CNBC Phyllis Rockower interview: Finance, Home loan and Interest Rates
interest rate 1w ago 
MEI  Interest rates  Lenka Martinek
interest rate 1w ago 
Interest Rates Rigged in Big Bank Conspiracy
interest rate 1w ago 
Николай Журавлев о борьбе с кредитным мошенничеством и снижении процентных ставок
interest rate 1w ago 
Mr Credit New student loan interest rate bill passes in Washington
interest rate 1w ago 
Student Loan Interest Rates Double
interest rate 1w ago 
REALIST NEWS  Lindsey Williams Update  Kind of important regarding interest rates
interest rate 1w ago 
AIC 2013 Interview: Neal Soss  Will Low Interest Rates Last Forever?
interest rate 1w ago 
Mortgage Money Saving Strategy: Getting low interest rates
interest rate 1w ago
Description
The annual percentage rate (APR) is designed to show you the total cost of the loan, which can be helpful when comparing loans from different lenders. The annual percentage rate measures both the interest charged as well as any other fees paid at closing that may include: • Origination fees • Private Mortgage Insurance  Insurance if you put less than 20% down. • Discount points • Prepaid interest • Processing fee • Underwriting fee • Document preparation fee The APR is intended to help you calculate the true cost of borrowing, as it prevents lenders from advertising low interest rates and tacking on fees and other costs that drive up the cost of the loan. APR does not include third party costs such as: • Title fee • Escrow fee • Notary fee • Home inspection fee • Transfer taxes • Credit report • Recording fee • Appraisal fee • Notary fee It's important to keep in mind that APR spreads the fees paid upfront over the entire life of your loan. If you do not plan to keep your mortgage for the full term or plan to refinance, it may not be a good calculation for you to compare. Ja Yung, a mortgage banker says: "So we like to think of it as kind of giving you the big picture of the overall cost of the financing, but the interest rate itself is what's used to calculate your mortgage payment."  We hope you've found this video and the many others on the My New Home YouTube channel helpful. Here are some other resources you might be interested in. For a quick explanation of mortgage products, check out: http://www.youtube.com/watch?v=99kpHX0vQ2Y To learn about some common mistakes people make when choosing a mortgage, check out: http://www.youtube.com/watch?v=65BUNymxmY For more real advice from real people on finding and buying a home: http://www.youtube.com/mynewhome Videos are for informational purposes only and represent the opinions of the speakers. Chase does not warrant the completeness, timeliness or accuracy of the content.  VIDEO TRANSCRIPT: JA YUNG: The most confusing term that I hear from home buyers would be APR, also known as annual percentage rate. The APR is very confusing because it looks and sounds a lot like an interest rate. JA YUNG: The difference between an interest rate and the annual percentage rate  interest rate is what your mortgage payments are calculated on. JA YUNG: The annual percentage rate basically takes into consideration not only the interest that you're going to pay over the life of the loan but any costs associated with obtaining that loan, as well. JA YUNG: So we like to think of it as kind of giving you the big picture of the overall cost of the financing, but the interest rate itself is what's used to calculate your mortgage payment.