citizens bank APR vs interest rate What is the difference

292   10 months ago
292   10 months ago
When you refinance you're using funds from a lender to pay off higher-interest loans you have with another. Each lender has their own way to determine rates, but it's important to understand the difference between interest rate and Annual Percentage rate, or APR. Interest rates and APR both explain you much money you'll spend on total interest of the course of your loan. Still have questions? Check out our other videos to learn more.
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