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• The actual interest rate, taking into account points and other finance charges, for the projected life of a mortgage. Disclosure of APR is required by the Truth-in-Lending Law and allows borrowers to compare the actual costs of different mortgage loans.

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  Cite Definition for annual percentage rate (A.P.R.)

  American Psychological Association (APA)

  annual percentage rate (A.P.R.). (n.d.). Ginnie Mae Glossary of Terms. Retrieved March 24, 2023, from website: http://www.expertglossary.com/definition/annual-percentage-rate-a-p-r.

  Chicago Manual of Style (CMS)

  annual percentage rate (A.P.R.). ginniemae.gov. Ginnie Mae Glossary of Terms. Ginnie Mae. http://www.expertglossary.com/definition/annual-percentage-rate-a-p-r (accessed: March 24, 2023).

  Modern Language Association (MLA)

  "annual percentage rate (A.P.R.)." Ginnie Mae Glossary of Terms. Ginnie Mae. 24 March. 2023 http://www.expertglossary.com/definition/annual-percentage-rate-a-p-r.

• Browse Related Terms: A.P.R., annual percentage rate (A.P.R.), Assumption, Buy Down, Commitment Letter, Discount point, Float, Interest Accrual Rate, Truth-in-Lending Act