why APR lower than interest rate?# Living
w*g
1 楼
I am utterly confused by this.
APR = interests + costs, so why APR <= interests in some cases
APR = interests + costs, so why APR <= interests in some cases
N*D
2 楼
credit back.or minus point.
m*g
3 楼
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
【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
w*g
4 楼
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
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
t*s
5 楼
you received credits
credits lower down your apr
credits lower down your apr
b*d
6 楼
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
【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
w*g
7 楼
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?
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?
b*d
8 楼
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
【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
a*a
9 楼
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
c*e
10 楼
能提供一下bankrate的链接吗？
s*8
11 楼
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。
%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
12 楼
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。
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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