Better Logo
Frequently asked questions

What does APR mean in mortgage terms?

The annual percentage rate (APR) is your interest rate plus ancillary charges and fees—such as closing costs and discount points- expressed as a yearly rate. By law, a loan's APR is always expressed as a percentage next to the mortgage interest rate. The APR gives the best indication of the total cost of your mortgage. Get pre-approved in as little as 3 minutes to the APR rates you qualify for.