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Auto loan are fixed rate loans. The only way to change them is to go to another lender and refinance for a lower rate. I recommend shopping for the best rate before you start and would advise going with your personal bank over financing through the dealer.
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∙ 12y ago
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Where can I find information about student loan rates?
Student loan rates vary by the type of student loan, but can be either fixed or variable rate. Most federal student loans are fixed at 6.8% Private student loan rates are typically higher.
What are the cons of having a fixed rate personal loan?
Fixed personal loan interest rates are typically higher than variable rates. If interest rates rise, your personal loan rates will look like a bargain, but on the other hand,if interest rates fall, your bank loan will look expensive.
What exactly is a refinance real estate loan?
A refinance real estate loan, is a mortage loan that is refinanced with new terms that may include different interest rates, variable or fixed rates, and length of mortgage.
What are fixed mortgages and what do they do?
You can get a loan with a fixed interest rate or a variable interest rate. The interest rate is the extra amount of money you have to pay back for taking out the loan. A fixed rate doesn't change the entire time you have the loan--even if the economy fails and everybody else has to get higher interest rates. However, the rates are usually set up higher and you end up paying more in the long run if you have a lengthy loan. If the economy does poorly, you might save money in a fixed rate because variable rates will spike.
What is the best advice on investing in fixed loan rates?
Most people do not invest in fixed loan rates. Fixed loan rates means the rate at which one would pay interest on a loan does not change over the course of the loan.
How much is the average loan interest from Birmingham Midshires?
It depends on your credit more than anything else. They offer both variable and fixed rate loans. The rates are affected by the term of the loan and your credit score. They offer rates as low as 1.35% for an ISA loan and 3.00% for a fixed rate loan.
Can I Fix The Rate On My Small Variable Rate Business Loan?
In case you wish to fix your rates of interest, the lender can convert your variable loan to some fixed loan. A renegotiation fee may apply and also the appropriate documentation should be executed prior to the fixed rate of interest is applicable.
Can you change from a variable loan to a fixed loan?
If agreed by the Bank/Loaner - fixed load has fixed interest
Is there a website that can calculate bank rates for an auto loan?
There is a website that can calculate bank rates for an auto loan. Simply go on bankrate.com, click on auto, and fill out all relevant information to calculate bank rates for an auto loan.
What is the difference between A variable rate home loan and a fixed rate home loan?
The lender can change the rate on a variable rate loan. A fixed rate stays the same for the life of the loan.
What are the lowest auto loan rates available for a used car?
The lowest auto loan rates are progressive. Progressive compares its low rates against others. Try progressive.com to see what is the lowest auto loan you can get.
Where can one compare fixed loan rates?
One can compare fixed loan rates by taking a look at various banking websites or visiting BankRate's website. BankRate is one of the most trusted and stable fixed loan rates comparing website.
