Penfed loan?

cajunz · 08-16-2010, 10:06 PM

My loan from last yr is 3.99 fixed. The rates are subject to change due to the market, but once you've been approved, your loan rate is fixed for the life of the loan..

Cell · 08-16-2010, 10:08 PM

I see... thank you.

I was also going through my calculations and found that they are using a Simple loan.

I do not know if banks would offer an amortized loan instead. Even with a higher interest rate an amortized loan would save much more money.

Does anyone know of any banks that offer an amortized loan instead?

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08-16-2010, 10:06 PM	#1 (permalink)
cajunz Base Member Join Date: Apr 2009 Location: Vernal, Ut Posts: 92 Drives: '09 370Z MB 6MT Rep Power: 18	My loan from last yr is 3.99 fixed. The rates are subject to change due to the market, but once you've been approved, your loan rate is fixed for the life of the loan..

08-16-2010, 10:08 PM	#2 (permalink)
Cell A True Z Fanatic Join Date: Jan 2010 Location: Chicago Posts: 1,449 Drives: A Garbage Truck Rep Power: 23	I see... thank you. I was also going through my calculations and found that they are using a Simple loan. I do not know if banks would offer an amortized loan instead. Even with a higher interest rate an amortized loan would save much more money. Does anyone know of any banks that offer an amortized loan instead?