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Does a Closing Fee Affect the APR?

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Question: 
If you charge a closing fee on a real estate loan, does that fee affect the APR?
Answer: 

If it's a FC, yes, otherwise, no. Without knowing the nature of a closing fee, there's no way to determine whether it's a FC.

First published on BankersOnline.com 2/01/10

First published on 02/01/2010

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