Fixed-rate mortgage. A home loan with an interest rate that remains the same for the entire term of the loan. Adjustable-rate mortgage (ARM) Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.
Prime Rate or the London Interbank Offered Rate (LIBOR). Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments. Your monthly payment may fluctuate as the result of any interest bank personal loan rates comparison changes, and a lender may charge a lower interest rate for an initial portion of the loan term.
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Once you submit your information, you will be redirected to the lender's website where you can review the terms of the loan, including details about all the applicable rates and fees.
Just fill out our Online Form. Follow the short process and if you are approved, receive your cash loan. APR INFORMATION. Annual Percentage Rate (APR) is a measure of the cost of credit, expressed as a nominal yearly rate.
It relates to the amount and timing of value received by the consumer to the amount and timing of payments made. We cannot guarantee any APR since we are not a lender ourselves.
An APR can generally run between 6 up to 35.
You borrow 500. You pay a 75 fee to get the money. But in two weeks you cannot repay the loan. You pay another 75 to roll over the loan. But in two more weeks, you still cannot repay the loan. Every two weeks, you pay another 75 fee. You might pay the lender more in fees than you first borrowed. But you would still owe the original 500.