what is the difference between APR and posted rates? It is related to housing mortgages.?

APR is the true cost after adding all the closing costs and fees Posted rate is what the base loan is figured at before you add all the fees you can't pay cash for and then finance it for a bizillion years of interest

A mortgage is a method of using property as security for the payment of a debt. Technically the term mortgage (from Law French, lit. "dead pledge") refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage. In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals or businesses can purchase residential or commercial real estate without the need to pay the full value immediately. In many countries it is normal for home purchase to be funded by a mortgage. In countries where the demand for home ownership is highest, strong domestic markets have developed; notably in Great Britain, Spain & USA Annual Percentage Rate (APR) is an expression of the effective interest rate that will be paid on a loan. It is different from the "note rate" (the advertised interest rate) because it includes one-time fees in an attempt to calculate a "total cost" of borrowing money. In a simplified example, if you borrow $100 for one year at 5% simple interest (meaning that you will owe $105 at the end of the year) and you pay the lender a $5 origination fee, your total cost to borrow the money will be $10 ($5 for the simple interest plus $5 for the origination fee) and your APR is a bit less than 10%. APR is intended to make it easier to compare lenders. In the US, lenders are required to disclose the APR before the loan (or credit application) is finalized. While there are several acceptable ways to calculate the exact APR, the general process is: Total the included one-time costs and add them to the face amount on the loan Calculate a monthly payment for that amount at the loan's "note rate" Calculate what interest rate would have to be applied to just the face amount of the loan in order to equal the calculated monthly payment in step 2.

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"APR" is the Annual Percentage Rate- the rate that the interest is based upon.

"APY" is the Annual Percentage Yield- the effective rate because of "compounding" the interest. This is more than the APR. Multiply your deposit by the APY to found out what your actual interest will be at the end of the year.

the APR is the annual percentage rate....a posted rate may be higher....this mortgage may be variable CAVEAT EMPTOR = buyer beware. getting a real estate attorney is a good idea

APR is the annual rate, which reflects compunding of interest and is therefore usually higher.