Today, minimum card APRs below 12 percent are rare, even on cards
advertised as low interest rate credit cards.
Not exact matches
While the
interest rates it
advertises online tend to be
lower than most banks or direct lenders, a quick look at the underlying assumptions shows that these
rates are the result of factoring in mortgage discount points, which must be paid for upfront
as an extra item in your mortgage closing costs.
While smaller lenders such
as J.G Wentworth charge less in origination fees and major rivals like Navy Federal
advertise lower interest rates through the purchase of points, USAA gives you affordable value in both.
Watch for companies that
advertise incredibly
low interest rates because these undoubtedly serve
as introductory
rates only.
While the
interest rates it
advertises online tend to be
lower than most banks or direct lenders, a quick look at the underlying assumptions shows that these
rates are the result of factoring in mortgage discount points, which must be paid for upfront
as an extra item in your mortgage closing costs.
With that in mind, it's important to know that it doesn't matter how
low the
interest rate lenders
advertise, they'll take back
as much
as they can.
These deals can seem appealing,
as they
advertise low or 0 % APRs,
low interest rates, or even a freebie for signing up.