Many Americans could benefit from a crash course in personal finance 101.
In fact, more than a third of Americans surveyed by CNN Money weren’t familiar with what APR, or annual percentage rate, referred to. If you’re in that same boat, it’s OK. We Fools are here to help you nail down the essentials.
In the video segment below, Motley Fool analysts Nathan Hamilton and Kristine Harjes talk about three other mortgage facts you may not have known.