Required by the Truth-in-Lending Act, the annual percentage rate (APR) is reported by the lender to the borrower on virtually all U.S. home mortgage loans. The APR accounts for all of the following except

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Any prepayment of principal to be made on the loan.

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All finance charges in connection with the loan, such as discount points, origination fees, and underwriting fees.

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All compensation to the originating brokers if one was used by the borrower.

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Premiums for required forms of insurance.