Understanding Loan Terms: APR, LTV, and Other Key Metrics 

APR is the annual percentage rate that shows the true cost of borrowing, including interest and fees. 

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LTV stands for loan-to-value ratio, which compares your loan amount to the value of the property. 

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Interest Rates are the cost of borrowing money, usually expressed as a percentage of the loan amount. 

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Monthly Payments include principal and interest costs and may vary based on loan terms and interest rates. 

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Loan Terms define the duration over which you will repay the loan, typically in years. 

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Down Payment is the upfront amount you pay towards the property, affecting the loan amount needed. 

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Fees can include origination, application, and closing costs, which impact the total cost of the loan. 

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