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Podcast: Financial Residency
Episode: Mortgage Minute: How is APR calculated in an ARM?
Description: Confused by annual percentage rates? They are even more complicated in an adjustable rate mortgage. Doug Crouse tries to clarify why your APR may look higher on an ARM than your fixed rate loan. You can get a free copy of Doug's book Hippocratic House: Do No Harm When Purchasing Your First Physician Home at www.DougCrouse.com.