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Annual Percentage Rate

I Took Out a Higher Interest Rate Loan and I'm So Glad I Did

Kevin Yu | Posted 05.24.2016 | Business
Kevin Yu

If you're taking out a loan and expect to pay it back earlier, you might be better off taking out a higher interest rate loan. The origination fees may seem small at first, but you'll end up paying more if you decide to pay it back faster.

When to Ignore the APR and When to Use It

Jack M. Guttentag | Posted 11.11.2014 | Business
Jack M. Guttentag

For over 40 years, the centerpiece mortgage disclosure mandated by Truth in Lending (TIL) has been the Annual Percentage Rate or APR. Recently, admini...

Will CFPB's New Mortgage Disclosure Forms Help Borrowers Select the Best Mortgage Type?

Jack M. Guttentag | Posted 11.11.2014 | Business
Jack M. Guttentag

The Consumer Financial Protection Bureau has developed two new disclosure forms designed to make the mortgage process more manageable for borrowers. But which will help borrowers select the type of mortgage that best meets their needs?

Teach Your Kids About Interest Rates

Jason Alderman | Posted 08.13.2011 | Business
Jason Alderman

One of the most valuable financial lessons you can share with your kids before they leave the nest is to explain what interest rates are and how they work.