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Updated about 5 hours ago on . Most recent reply

David Nunn's profile image
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David Nunn
  • Member since Apr 7, 2019
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David Nunn's profile image
David Nunn's profile image
David Nunn
  • Member since Apr 7, 2019
Connect
David Nunn
1
Votes |
8
Posts
Private Lending & Conventional Mortgage Advice

APR vs Interest Rate on Quote

David Nunn
Posted

Hello!

I'm in the process of buying a home, and received a quote from a lender. It has the interest rate (7.3%), and then a higher amount for APR (7.8%). I don't remember seeing this in the past, but could have just missed it. Is this common? Is it negotiable? Something I should be adding into my calculator when I run numbers?

Thanks!! -Dave

Detroit, Michigan
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