Forum Discussion
janegowest
May 16, 2016Explorer
avvidclif1 wrote:
I would add a note to that. There are over 1000 ways to figure interest. I don't go by the rate but the monthly payment. I tell them the size of the loan and the term. I get a monthly payment that I can compare to another monthly payment. Many times you will find the lower rate has a higher payment. It's all in how the interest is figured.
Really?! How can that be? Don't understand, but we will look into that aspect.
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