All Questions
4
questions
0
votes
2
answers
198
views
Why offer at a lower interest rate on a loan then the expected ROI of investing in the stock market?
A quick google search told me that the expected ROI of investing in the stock market is roughly just under 10% That's admittedly a bit higher then I had anticipated, but quick scanning of their ...
1
vote
1
answer
83
views
Can a bank continue to allocate payments to interest even after they have taken what the contract states?
I purchased a car, borrowing money from a bank for the auto loan.
Long story short, I asked the bank for a detailed history of my payments, and they sent me a document that shows every payment I've ...
8
votes
5
answers
4k
views
Paying off a loan with a loan to get a better interest rate
I've never had credit or a loan till recently when I bought a new car. This has recently given me a much better credit rating after having the loan for a year with 5 years to go and 2 credit cards ...
10
votes
1
answer
8k
views
Why are my auto loan payments calculated differently than my mortgage payments?
Last year I got a home loan that follows the standard Rule of 78s amortization schedule. I can easily predict how much of my mortgage payment will go to interest and how much to principal.
A few ...