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Author Topic: Bank loans  (Read 419 times)

Offline Lambert_M

  • Members
  • Posts: 564
Bank loans
« on: October 29, 2013, 09:44:44 AM »
I suppose I should be able to figure this out myself with a bit of mathematical effort, but instead I decided to ask you folks! :-)

The interest I pay on my loans is not affected by the variations in interest rates AFTER I take out the loan, I am guessing? Meaning the interest is fixed after you confirm the loan, based on the interest rates at the time you took it? Correct? And if so, I suppose it could be worth checking if refinancing works out better when the interest rates are lower?

BD

  • Former member
Re: Bank loans
« Reply #1 on: October 29, 2013, 10:42:02 AM »
I suppose I should be able to figure this out myself with a bit of mathematical effort, but instead I decided to ask you folks! :-)

The interest I pay on my loans is not affected by the variations in interest rates AFTER I take out the loan, I am guessing? Meaning the interest is fixed after you confirm the loan, based on the interest rates at the time you took it? Correct? And if so, I suppose it could be worth checking if refinancing works out better when the interest rates are lower?
http://www.airwaysim.com/forum/index.php/topic,49988.msg280550.html#msg280550

I had similar thoughts.

 

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