Jan
9
annual percentage rate help?
Filed Under Personal Finance
Ian asked:
APR means annual percentage rate, for home mortgages the buyer must be informed of the APR of that includes additional costs incurred at the closing of the loan. The additional costs are best described as?
APR means annual percentage rate, for home mortgages the buyer must be informed of the APR of that includes additional costs incurred at the closing of the loan. The additional costs are best described as?
a.) pre-paid finance charges
b.) actual prorated real estate fees
c.) legal fees
d.) taxes
Im leaning towards pre-paid finance charges, but im unsure please help!
Kathern
Comments
One Response to “annual percentage rate help?”
Jaye
You are leaning in the right direction!