Many loans charge 'hidden' fees, but that's not necessarily a bad thing - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Some loans claim to have 'no fees,' but they may charge higher interest rates to make up for it

Some personal loan lenders allow for the origination fee to be deducted from your loan amount.

One discount point will generally cost you 1% of your total amount. So for a $200,000 mortgage loan, one discount point would raise your origination fee by $2,000 . And two discount points would raise your origination fee by $4,000 . For example, let's say you paid $2,000 for a discount point and your lower APR will save you $50 per month on your mortgage. In that case, it will take you 40 months to break even on the decision .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Synchrony says Amazon email did not involve data breach or fraud - Business Insider'Consumers do not need to take any action at this time,' a Synchrony spokesperson told Business Insider. They sent an apology this morning! I’m talking about synchrony bank.
Source: BusinessInsider - 🏆 729. / 51 Read more »

I'm a bartender — here are 11 things bartenders do that most people don't realize - Business InsiderBeing a bartender involves a whole lot more than just making drinks and taking people's money. Take it from me. I used to be a bartender and appreciate this, but one thing I noticed the bartenders of today don't know is drink prices. If I order something and pull out cash and ask, 'how much do I owe you?' it prompts a scramble to the digital register to ring it up and find out. LostArt They drink
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things in tech you need to know today - Business InsiderGoogle fired four employees, including one whose suspension inspired a protest at a Google office, and Uber lost its license to operate in London.
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. charges former Outcome Health executives over alleged fraud - Business InsiderThe founders of Outcome Health have been charged with overseeing a fraudulent scheme to overbill clients and raise $487.5 million from investors. Fraud in medical marketing? Wow, it's a serious type of criminal case! Maybe they should’ve IPOd before getting caught. Jokes on them
Source: BusinessInsider - 🏆 729. / 51 Read more »

Listening to music at work makes you more productive, but not always - Business InsiderScience says that listening to music at work can make you more productive, but not in every case (via Entrepreneur)
Source: BusinessInsider - 🏆 729. / 51 Read more »