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what is the difference between apr and interest What Are the Differences Between APR and EAR? – The main difference between APR and EAR is that APR is based on simple interest, while ear takes compound interest into account. APR is most useful for evaluating mortgage and auto loans, while EAR.second mortgage interest rates
Pre-Approval vs Pre-Qualification – It is very important to remember this pre-qualified amount. approval process places all your financial history under a microscope and is more thoroughly examined to give you an exact number for.
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Clarifying pre-approval – To be pre-approved for a mortgage loan means that a lender has evaluated your creditworthiness and has made a commitment to extend you a loan up to a specified amount. The pre-approval..