Whats the essential difference between interest and you may Annual percentage rate?

Whats the essential difference between interest and you may Annual percentage rate?

When trying to find a mortgage, you’re getting several extremely important rates from the Loan Imagine – interest rate and annual percentage rate (APR). Both can be very beneficial to let decide which mortgage is right for you. Exactly what will they be? How do it differ? As well as how can you use them to contrast? Let us crack it all down. Continue reading