Home Loan

What’s The Big difference In between Your Desire Amount and APR (annual share level)




Josh clarifies the change among your fascination level and APR of your loan.
Josh Mettle is a prime developing mortgage lender specializing in financing Physicians, Dentists and Clinical Industry experts in Salt Lake City, Utah. Verify out his internet site for health-related gurus. Josh is also a fourth era real estate trader, and owns a quantity of rental houses, apartment units and mortgages. If you might be all set to invest in or provide residential real estate, get Josh’s newest no cost suggestions, resources and publication at . Utah Genuine Estate Industry experts can retain educated by checking out Josh’s Mortgage loan and Genuine Estate Website at

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18 comments

  1. The is the first explanation that finally made sense! So if I'm the buyer and the seller is paying the closing costs then the only number I need to compare is the interest rate, right? Why would the APR matter to me if I don't pay the upfront closing costs?

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  2. best explanation so far I found on youtube

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  3. thanks !

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  4. Thank you so much! You are the only person that made me understand this

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  5. Thanks! Best explanation I've heard thus far.

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  6. Nice job. Thank you!

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  7. Thank you, appreciate your time sir, very helpful video

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  8. good stuff, keep'em coming

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  9. Thank you!

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  10. great lamens terms explanation!!!! thank you!!!!

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  11. perfect thanks

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  12. thank you Josh!

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  13. Great video

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  14. Good info. Thanks.

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  15. Thank you. You explained it brilliant! I get it now 🙂

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  16. Many times the closing costs are added to the principal loan amount which is amortized at the quoted Annual interest rate.This means that your principal loan amount is simply increased by the amount of the closing cost and is therefore amortized at the quoted Annual Interest Rate. If no Private Mortgage Insurance is involved, the Annual Interest and the APR (Annual Percentage Rate) should be the same but in my experience it is usually not. Something is not adding up

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  17. Do you have a suggestion of what the difference between the two should be? 1%? More? I will have PMI on mine as well, and I just want to be sure I'm not getting swindled on closing costs or any other hidden fees my lender might have included. And does it even matter if I will be selling the home within 15 years of my 30 year mortgage? Thanks for the help!

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  18. Thanks for the info

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