Atlanta Real Estate Glossary Helpful
definitions for some common and some not so common real estate terms. Annual
Percentage Rate
The effective interest rate for a loan per year. This
takes into consideration the costs of obtaining the loan. If it costs you
$2000 to borrow $100,000, you effectively are only borrowing $98,000. So
the annual percentage rate is based on the effective loan amount not the total
balance. Back
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