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Glossary of Terms > A > APR

APR

The Annual Percentage Rate; a comprehensive measure of credit cost to the borrower that takes account of the interest rate, points, and flat dollar charges; also adjusted for the time value of money, so that cash paid by the borrower up-front carries a heavier weight than dollars paid ten years down the road.

A Terms

A-Credit

Acceleration Clause

Accrued Interest

Adjustable-Rate Mortgage

Affordable Housing

Agreement of Sale

Alt-A

Alt-A Mortgage

Amortization

Amortization Schedule

Application

Appraisal

Appraiser

Appreciation

APR

Asking Price

Assessment

Assumable Mortgage

Assumption