w*******g 发帖数: 9932 | 1 I am utterly confused by this.
APR = interests + costs, so why APR <= interests in some cases |
N**D 发帖数: 2885 | 2 credit back.or minus point. |
m******g 发帖数: 3667 | 3 APR should be higher than rate
【在 w*******g 的大作中提到】 : I am utterly confused by this. : APR = interests + costs, so why APR <= interests in some cases
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w*******g 发帖数: 9932 | 4 that is not what I got.
For example, 5/1 ARM, some banks have
APR 3% while interest rate 3.25%
or
APR 3.25% interests rate 3.5%
Also, there is a term called "costs in APR" also very puzzling.
The definition is the additional costs to the customer but why it is called
costs "in APR".
If it is in APR, then APR should be higher.
【在 m******g 的大作中提到】 : APR should be higher than rate
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t**s 发帖数: 1393 | 5 you received credits
credits lower down your apr |
b*d 发帖数: 9308 | 6 Did you get any cashback?
【在 w*******g 的大作中提到】 : I am utterly confused by this. : APR = interests + costs, so why APR <= interests in some cases
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w*******g 发帖数: 9932 | 7 not my refinance in particular.
I was just looking at the APR and interest rates of bankrate.com
【在 b*d 的大作中提到】 : Did you get any cashback?
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b*d 发帖数: 9308 | 8 Then APR shouldn't be lower than interest rate.
【在 w*******g 的大作中提到】 : not my refinance in particular. : I was just looking at the APR and interest rates of bankrate.com
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a****a 发帖数: 98 | 9
for ARM loans, APR is meaningless (try google). It's just that the lender
is
required to post a number based on his estimate of future rates.
【在 w*******g 的大作中提到】 : I am utterly confused by this. : APR = interests + costs, so why APR <= interests in some cases
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c**********e 发帖数: 1184 | |
s******8 发帖数: 4192 | 11 如果是ARM可能是正常的。因为现在LIBOR一直低于1%,今天0.91%,如果你的ARM是+2.25
%的话,如果现在5/1ARM到期,你的利率只有3.16%,如果+2%,只有2.91%。所以会出现
现在rate3.25%,APR3%的情况,因为如果按照现在的Libor,5年后你的利率会下降,而
现在APR计算是按照前5年3.25%,以后25年2.91%来算的。当然5年后,谁知道libor会是
多少。
不过对于ARM,最后的文件中会指明你最高可能的APR。 |
w*******g 发帖数: 9932 | 12 this makes sense. thanks.
any idea what cost in APR is?
25
【在 s******8 的大作中提到】 : 如果是ARM可能是正常的。因为现在LIBOR一直低于1%,今天0.91%,如果你的ARM是+2.25 : %的话,如果现在5/1ARM到期,你的利率只有3.16%,如果+2%,只有2.91%。所以会出现 : 现在rate3.25%,APR3%的情况,因为如果按照现在的Libor,5年后你的利率会下降,而 : 现在APR计算是按照前5年3.25%,以后25年2.91%来算的。当然5年后,谁知道libor会是 : 多少。 : 不过对于ARM,最后的文件中会指明你最高可能的APR。
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