What is an APR and Why is it Listed With My Mortgage

http://amerifirst.com/

From Michigan to Florida and in between from Ohio to Wisconsin, first time home buyers ask about interest rates when house hunting. Whenever you hear a rate quote, you should hear about the APR also. So what is the APR? And why do you care about it? The basic answer is that the APR covers the cost of the loan. The APR helps you know what fees you will pay with your mortgage. Michigan mortgage lender AmeriFirst breaks down APR for first time home buyers in this 3 minute video.

Duration : 0:3:20


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