answersLogoWhite

0

What else can I help you with?

Continue Learning about Finance

What if the term for illegal overcharging of interest?

Every State has Usury laws - meaning limits on interest rates charged


Does an cap rate on a ARM loan protect borrower?

The interest rate caps on an ARM loan, or adjustable rate mortgage, are designed to protect the borrower from "rate shock" or sudden extreme changes in their interest rate, which also cause spikes (or drops) in their monthly payment. Most ARM loans have several different kinds of rate limits, including the first rate change limits, subsequent rate change limits and the life of loan change limits, also called the rate ceiling or rate floor.


What opportunities does a good credit rating provide for borrowers?

A good credit rating provides borrowers with opportunities to access lower interest rates, higher credit limits, and better loan terms. This can result in savings on interest payments, easier approval for loans and credit cards, and increased financial flexibility.


What are the benefits of applying for high credit score credit cards?

High credit score credit cards offer benefits such as lower interest rates, higher credit limits, better rewards, and improved chances of approval for loans and mortgages.


What are the benefits of investing in high interest certificates of deposit?

Investing in high interest certificates of deposit can provide a secure way to grow your money over time with guaranteed returns. These investments typically offer higher interest rates than traditional savings accounts, helping you earn more on your initial deposit. Additionally, they are insured by the FDIC up to certain limits, providing a level of protection for your investment.

Related Questions

What if the term for illegal overcharging of interest?

Every State has Usury laws - meaning limits on interest rates charged


Does an cap rate on a ARM loan protect borrower?

The interest rate caps on an ARM loan, or adjustable rate mortgage, are designed to protect the borrower from "rate shock" or sudden extreme changes in their interest rate, which also cause spikes (or drops) in their monthly payment. Most ARM loans have several different kinds of rate limits, including the first rate change limits, subsequent rate change limits and the life of loan change limits, also called the rate ceiling or rate floor.


Jim Jarmusch new movie is called the limits of what?

The Limits of Control ;)


What is difference between savings and current account?

The differences are:Savings account earn higher interest than current accountsThere are limits on number of transactions per year in a savings account but there are no such limits for current accountsCurrent accounts are used by businesses and companies while savings accounts are used by normal customers


What are outer limits?

There was a TV show in the 1960's called 'The Outer Limits.'


What opportunities does a good credit rating provide for borrowers?

A good credit rating provides borrowers with opportunities to access lower interest rates, higher credit limits, and better loan terms. This can result in savings on interest payments, easier approval for loans and credit cards, and increased financial flexibility.


How much interest can be put on a 1400 loan?

In many countries there are no limits on what loan sharks can charge.


What is the maximum amount of interest can be charged for the purchase of a car?

Most states have limits on how much interest banks and businesses may charge. Check with your state on its limits(usually in the phone book in the blue pages in the front or back). If it is personal there is usually no limit, be careful there.


Why should I use a money market account?

Money market accounts are just like regular savings accounts however they pay a much higher interest. As a result they usually have a much higher minimum balance. There may also be other limits on the money market account depending on the financial institution.


What are the benefits of applying for high credit score credit cards?

High credit score credit cards offer benefits such as lower interest rates, higher credit limits, better rewards, and improved chances of approval for loans and mortgages.


What is the limits of the courts authority called?

Jurisdiction


Why radiation workers are given higher dose exposures limits?

google mo !