The APR and interest rate on your mortgage aren’t the same. Here’s what to pay attention to when you compare costs.

Annual Percentage Rate (APR) and Annual Percentage Yield (APY) are commonly used terms in the world of personal finance. Both are expressed as annual rates, with APR typically measuring the costs of ...

APR vs. interest rate: What's the difference? If you’re applying for a mortgage, these are two financial terms you need to understand. APR stands for "annual percentage rate," or the amount of ...

An interest rate is an amount a lender charges you to borrow money. It’s always expressed as a percentage — such as 4% or 6.2%. You pay interest as either a fixed rate that stays the same for the ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. The Annual Percentage Rate is a fundamental concept in ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

Meredith Dietz is Lifehacker’s Senior Staff Writer. She earned her bachelor’s degree in English and Communications from Northeastern University, where she graduated as valedictorian of her college.

Interest and annual percentage rates are two of the most critical factors to review when shopping around for a loan. But what do these terms mean? Do you pay both the APR and interest rate? Keep ...

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Jackie Lam is a contributor for CNET Money. A personal finance writer for over 8 years, she covers money management, insurance, investing, banking and personal stories. An AFC® accredited financial ...