Contact Information
Mel Byrd Copper Rose Realty 6601 E. 22nd Street Tucson, AZ, 85710
Office: 520-250-7437 Cell: 520-250-7437
Buyer Resources
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What is APR?
The Annual Percentage Rate (APR) is the relative cost of credit as determined in accordance with Regulation Z of the Board of Governors of the Federal Reserve System for implementing the federal Truth-in-Lending Act, according to Charles O. Stapleton III, Thomas Moran and Martha R. Williams, authors of "Real Estate Principles," 3rd Ed., Dearborn Financial Publishing, Chicago; 1994.
The APR is the actual yearly interest rate paid by the borrower,
figuring in the points charged to initiate the loan and other costs.
The APR discloses the real cost of borrowing by adding on the points
and by factoring in the assumption that the points will be paid off
incrementally over the term of the loan. The APR is usually about 0.5
percent higher than the note rate.
Questions about Tucson East Arizona Real Estate?
Ask us below or Call us Now at 520.250.7437
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Last Updated ( Wednesday, 30 July 2008 )
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