Hi! I put an offer on a home and had a pre approval. The offer was accepted! Now, I am shopping around for rates and realized I don't really understand what APR is or how it factors in to my loan.
2 of the better quotes I've received are:
Interest rate of 3.75% apr of 4.126% Interest rate of 3.625% apr of 4.3%
Is it worse to take the lower rate because the apr is higher?
Thanks for your time!
Submitted September 11, 2017 at 12:01PM by Sba19 http://ift.tt/2eQmXUj
