Question by : Does everybody know where to get car loan interest rates?
I have a credit score of around 620 and can’t get financed for a 2006 car and they told me the only way to get a loan was to pay 20% interest. I couldn’t believe it could get that high.
Best answer:
Answer by ɷ ɹəɥʇɐəɥ ɷLogan born 8/18/09
Take a pregnancy test first, to see if your pregnant, since you posted the question in here. Then, after that, check out Drivetime.com
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New York, NY (PRWEB) March 2, 2007
Bridge Mortgages began offering their new fixed rate home equity loan that provides a low introductory interest rate. The second mortgage lending team at Bridge has just released a new home equity product that offers a reduced intro rate for 6 months. The intro mortgage interest rates start as low as 6.25%. These home equity loans are 2nd lien installment mortgages with fixed interest rates with simple interest amortization.
According to mortgage consultant Sandy Sarconi, “This equity loan is perfect for my clients financing second home construction.” Sarconi continued, “6 months of low interest rates allow borrowers to complete their home improvement projects and still have a fixed rate payment at the end of the day.” This home equity loan has the characteristics of a home equity line of credit, but the interest rate is fixed so there is no fear of rising payments over the years.
Bridge is offering these introductory rates to homeowners with good credit scores ranging from 620 to 800. The 6.25% intro rate is offered to qualified borrowers with all combined loan to values not to exceed 100%. Applicants with a bad credit score may still qualify for other subprime refinancing products.
Fixed Rate Home Equity Loan Highlights
On all home equity loan programs eligible for this intro rate, our underwriting will use the higher of the two middle scores regardless of income. There are no cash out restrictions. There are no assets and reserves verified or even required for that matter. In addition, Bridge Mortgages continues its tradition of their second mortgage loans having no mortgage insurance required.
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Question by gapeachstucknbamaland: Is there laws capping bank loan intrest rates?
I was approved for a personal unsecured loan with my bank for $ 5000 for 60 mths at 162.00 a month. After doing the math I would be paying $ 4900.00 extra for interest. Which is like 32% interest. Is that illegal if not it should be.
No, I called that bank back to ask the interest rate ( the teller seemed to be trying to get me off the phone fast ) and she too said it was like almost 32% and after 6 months of paying on time I might be able to have it lowed just a little.
Best answer:
Answer by Sane
No laws. They can rape and pillage at will. Whats in your wallet….
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Question by t_williams_1: My credit median credit score is 760. Shouldnt I be able to get the best rates available for a mortgage loan?
When I tell a mortgage company about my credit score, it doesn’t seem to help any in getting the best rates available. How much does your credit score “HELP” you? I know that it can hurt your chances of getting a good rate on a home loan.
Best answer:
Answer by sports_chic_67
The credit score is just one factor that mortgage companies look at in determining whether to loan you the money and on what terms. They will also take into consideration your employment and salary, your savings, your debt-to-income ratio, and how much you are planning on putting down on the house.
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