Understanding the distinction between a mortgage loan’s interest rate and annual percentage rate (APR) can make you a more savvy mortgage shopper — and potentially save you some money along the way.

The APR, or Annual Percentage Rate, of a loan is the amount of interest you’ll be charged in one year for that loan. The APR is determined by the interest rate for your car loan. It also includes fees ...

Annual percentage rate, or APR, goes a step beyond simple interest by telling you the true cost of borrowing money. For example, the APR you receive when you buy a house takes into account the fees ...

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, ...

The interest rate on a mortgage indicates how much interest you’ll pay for the amount you borrow. The annual percentage rate (APR) is the interest rate plus additional fees and any points. Interest ...