Written By: Karen Deis
One of the readers wanted us to write an article about the best way to explain APR to clients. Here's what she asked:
Although I have been in business a long time, I always get flustered when explaining the APR. Do you have a way to explain it both thoroughly AND simply? I would love to know how others explain APR to their clients!
So, I did a quick Google search and, of course, found hundreds of ways the loan officers explain it. However, I would like to ASK YOU if you would share what you say. I will publish your explanations in the next issue.
Click here to submit your APR explanation.
Everyone can view and participate, including non-subscribers.
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