Mortgage basics: The difference between interest rate and annual percentage rate
Learn how the interest rate and APR affect your home loan.
If you’re new to the home loan process, you might be surprised to see two different rates on your mortgage agreement: your interest rate and your annual percentage rate (APR). That duality is commonly misunderstood. Learn the difference between interest rate and APR and the strategy involved in choosing the right rate.
Find our current interest and APR rates.