Whatโs the difference between an Interest Rate and an APR? ๐ก Hereโs the breakdown:
๐๐ฏ๐ต๐ฆ๐ณ๐ฆ๐ด๐ต ๐๐ข๐ต๐ฆ = ๐ต๐ฉ๐ฆ ๐ค๐ฐ๐ด๐ต ๐ฐ๐ง ๐ฃ๐ฐ๐ณ๐ณ๐ฐ๐ธ๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ญ๐ฐ๐ข๐ฏ
๐๐๐ (๐๐ฏ๐ฏ๐ถ๐ข๐ญ ๐๐ฆ๐ณ๐ค๐ฆ๐ฏ๐ต๐ข๐จ๐ฆ ๐๐ข๐ต๐ฆ) = ๐ช๐ฏ๐ค๐ญ๐ถ๐ฅ๐ฆ๐ด ๐ช๐ฏ๐ต๐ฆ๐ณ๐ฆ๐ด๐ต ๐ฑ๐ญ๐ถ๐ด ๐ง๐ฆ๐ฆ๐ด
๐๐๐ ๐จ๐ช๐ท๐ฆ๐ด ๐ข ๐ง๐ถ๐ญ๐ญ๐ฆ๐ณ ๐ฑ๐ช๐ค๐ต๐ถ๐ณ๐ฆ ๐ฐ๐ง ๐ธ๐ฉ๐ข๐ต ๐บ๐ฐ๐ถโ๐ญ๐ญ ๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ ๐ฑ๐ข๐บ ๐ฐ๐ท๐ฆ๐ณ ๐ต๐ช๐ฎ๐ฆ
Understanding both helps you make smarter decisions. I can help you navigate the numbers and find the best fit for your budget! Thinking about buying or refinancing? Letโs connect ๐ฒ
