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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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APR

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APR

APR is the abbreviation of Annual Percentage Rate and refers to the amount that will be paid back as a percentage of the original loan. This figure takes into account interest rates and assumes that the loan runs to its full term, which makes the figure potentially misleading for those looking at short-term financing issues.

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6.29%

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