For more information, visit www.kw.com Your lender will provide the annual percentage rate for your loan. The annual percentage rate, or APR, must be listed in the Truth in Lending Disclosure. The annual percentage rate is not the interest rate on your loan. Rather, the annual percentage rate provides you with the cost of your credit as a yearly rate. It takes into account the annual cost of the loan plus your loan origination fees and settlement charges– including fees commonly called points. Advertised or note rates are typically lower than the annual percentage rate because they do not include these additional costs. By helping you determine the true cost of the mortgage, the annual percentage rate lets you compare different types of mortgages offered by different lenders. For more information, please contact a Citi Mortgage Consultant at 1-877-693-0217.. …

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Mortgage Minute: Annual Percentage Rate