Josh will help to educate you on what exactly an APR (Annual Percentage Rate) is. Watch this video to understand exactly what your paying for Interest Rates on your Mortgage. What can effect your APR? The annual cost of borrowing money expressed as a percentage of the loan amount. This includes the interest rate and the fees attached to the loan.

Explains how simple Annual Percentage Rate is and why you want low or 0% APR when you borrow money. What What is APR. APR for car loan, APR on credit cards and home loans. The method used to calculate APRs in the EU and UK is different from that used in the U.S. and will often produce different (higher) results. This is because the U.S. method (regulation "Z" found on the federal truth in lending statement) produces what would, in the UK,  be called a nominal annual rate whereas the UK/EU method results in an effective annual rate.

What is APR? How is it calculated?

Simple interest, maturity value, exact, ordinary interest, principal, rate, time, simple discount note, interest rate, Treasury bills, face value, discounting a simple note, annual percentage rate.

Annual percentage yield, or effective annual yield, is a rate that provides a percentage amount of growth. Discover how much an account has grown over a given year with lessons from a math teacher in this free video on math calculations for daily life.