Lending Disclosure documents contain the APR or annual percentage rate figure. The APR can be a little confusing because it is based on a total calculation of the total amount financed and all the interest payments spanning the life of the loan. to avoid having the borrower hold up the signing process, it is important to explain to them that the APR is always different from the actual percentage rate. Usually the borrower is fine as long as the amount matches what the lender quoted them.

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