APR stands for Annual Percentage Rate, showing the yearly cost of your loan, including interest and fees. It helps compare loan offers. 

LTV, or Loan-to-Value ratio, measures the loan amount against the property value. A lower LTV often means better loan terms. 

Interest rates are a major part of APR. They determine how much you’ll pay over time. Fixed rates stay the same, while variable rates can change. 

Understanding loan terms like APR and LTV helps in budgeting. It ensures you know how much you’ll pay monthly and in total. 

Fees included in APR may cover application, processing, and closing costs. Check these fees to understand the true cost of your loan. 

A good LTV ratio can lead to lower mortgage insurance costs. It reflects how much equity you have in your property. 

A good LTV ratio can lead to lower mortgage insurance costs. It reflects how much equity you have in your property.