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What is mortgage apr? apr stands for annual percentage rate, a way of showing the true cost of a mortgage or other type of loan. It takes into account not only the interest rate you pay, but also the various fees that are charged as part of the loan and expresses them in terms of an annual percentage.
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Can You Refinance a Reverse Mortgage? – A reverse mortgage is a loan that allows older borrowers to tap into their home. HECM for Purchase mortgages are also available and can help you buy a new home. [Read: How to Find the Best Reverse.