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Why is the interest rate for used car loans higher than the interest rate for home loans?
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What are good interest rates for bank loans in 2013?
What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.
What are fixed home loans?
You are probably referring to fixed rate home loans. This means the interest rate is preset at a fixed interest rate and your monthly payments will not change over the course of the loan.
Is the interest on used car loans higher than the interest on new car loans?
The interest on used car loans are definitely higher than new car loans.The rate is higher because the car is usually not bought from a car sales house
I have poor credit, is it still possible to get personal loans without paying a ton of interest?
Loans, in general, are based on risk. The higher the risk, the higher the interest rate. You'll be able to get a loan, but the rate will be higher than if you had better credit.
What type of loans have the lowest interest rates?
Typically, home loans have the lowest interest rate. Credit cards and Pay Day loans usually have the highest interest rates.
How does bankruptcy affect interest rates on loans?
Some lenders may find you a higher risk and thus charge you a higher interest rate.
Are sub primes loans available to people without equity in their home.?
Sub Prime loans are available to most anyone. However they are the loan of choice for those whose credit might not be adequate to obtain an more traditional home loan. Most times Sub Prime loans are issued at a higher interest rate or with a variable interest rate that fluxuates with the market.
What types of home loans are there?
There are a couple of types of home loans available. Some of those types include FHA loans, Fixed-Rate Mortgage loans, VA loans, and Interest-Only Mortgage loans.
What is special about Chase home loans?
A chase loan home is special because it is easier to obtain than other home loans. Chase home loans have a lower interest rate than most other home loans.
What is the average Annual Percentage Rate on home improvement loans?
The average annual percentage rate or interest rate on home improvement loans is around 3.99% to 9.49%. Honestly it really depends on your credit profile.
Personal loans should have a lower interest rate than student loans.?
Personal loans should have a lower interest rate than student loans.
How can someone secure the best home loan rate?
The higher one's credit score, the better the interest rate on a home loan. One must also compare a number of types of loans from various lenders to insure the best loan rate available.
