HomeSite MapCompareFinanceDebtCasino APRThe mortgage definition for APR:This is an indicator used to compare interest rates. It takes into account the costs involved in setting up the mortgage, any discount periods, how often interest is calculated and calculates what the average rate of interest will be over the life of the loan. All lenders that comply with the consumer credit act must ensure that the the borrower is informed of the APR. Click to compare definitions of APR Click to view definitions beginning ap |