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Leopoldo Gonzalez

NMLS ID 1684159

407-856-5622 Info@amglenders.com

Exact rates and why you need them

Exact interest rates are something most consumers have no idea about. Exact interest rates are one of those things that no one ever pays attention to, but they do exist and are rarely in your favor. So what are exact interest rates? Lenders (be it mortgage lenders, credit card companies, car loans, or others) have calculated interest rates in 1/8 percentage increase or decrease. They calculate rates in increments or decreases of 0.125% (1/8%). In the real world, Wall Street calculates down the one-thousandth of a percentage. Actual rates might look like 4.334%, check the ...

October 24th, 2018 Exact rates and why you need them