arizona: What is the average percentage rate for a new home loan in Arizona?|||If you are in the market for a mortgage it is important to understand what the Annual Percentage Rate means and what you need to know in order to find the best mortgage. Here are tips to help you shop smartly for your mortgage loan. Comparison shopping for a mortgage can be a difficult task. Mortgage lenders use one interest rate to calculate your monthly payment but advertise a different interest rate. What does it all mean anyhow? When you shop for a mortgage it is important to understand the difference in the two interest rates. Here is what you need to know. Annual Percentage Rate The Annual Percentage rate (APR) is calculated by factoring in interest charges and any other fees charged by mortgage lenders over the duration of the loan. APR is expressed as a yearly expense. This formula gives you a good (but not great) estimate of the cost of any given loan offer.|||30 year, full amortized loan, less than $417,000, at least 3% down, FHA, with verified income and reasonable credit, should be around 5% to 5.5% at most. The 5% figure will cost you a point, The 5.5% should not cost you a point.|||ATTN: I am a private registered loan lending firm based in UK, we offer short and long term loan. we can be of help to you. if you are interested email or call us now so we can proceed to the next level. Awaiting your prompt respond asap. NB: Even if your bank have refused to grant you a loan because of your low credit score, we are willing to help you. Come and get a very genuine loan, from a very genuine and reliable source, and put a final stop to all your financial needs. Get back to us with the loan amount needed, loan duration period, country, state, annual income,age and sex. Best regards, Mr Frank Smith. Email: micloan@ymail.com Tel Num: +447045723089. Mic Loan Company Ltd, 14 Cabot Square,Fulham, London,United Kingdom