First of all, APR is annual percentage rate, or how much of a percentage companies charge you for using a credit card or asking for a loan. One company that has low APR rates is "Citi." Although looking for companies with low APR rates is a good idea, a person can further lower their APR rate with negotiation.

The APR or Annual Percentage Rate is the tool to use to compare the cost of paying back a loan. The lower the APR, the cheaper the cost of the loan. All UK loan products will show the APR for any loan you are interested in taking out.

The current apr rate for a fixed 30 year mortgage is 4.691 percent. Some lenders such as quicken loans are offering a slightly lower 4.5 percent rate.

You calculate APR based on your credit score, loan size and term of loan. Typically the shorter the loan life the lower APR you will get .

Annual Percentage Rate

APR (Annual Percentage Rate) is a standardized term used to compare loans, mortgage loans and credit card rates. It is a compilation of the compound interest, finance charges and lender fees calculated annually. For more detailed information and to use an APR calculator visit the link in related links.

You need to make a budget. Also, paying a little extra each month can help. Also, asking for a lower APR may help. Also, pay off the higher APR's first.