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10% Isn’t Always Cheaper Than 12%: Understanding Flat Interest vs. APR Interest
One of the most common conversations we have with borrowers goes something like this: “Another lender offered me 10%, but you guys are at 12%.” On the surface, that sounds like an easy decision. 10% is lower than 12%, right? Not necessarily. In fact, for many short-term real estate loans, especially loans lasting less than
