Posted on: 27th Feb, 2014 02:27 am
As far as I know, APR has its own benefits but are there some pitfalls too? Could you please throw light on the fact how APRs can mislead you as well?
Yes, it's true that APR or Annual Percentage Rate is a great indicator of rates, but there are some pitfalls as well. Have a look at this page in order to educate yourself. http://www.mortgagefit.com/apr.html