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- Typical APR - |
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Lenders are required by law to inform loan, credit card and mortgage applicants of the APR before they sign for credit. That way, the true costs of two or more products can be realistically compared. However, the APR offered can vary from person to person, as someone with a bad credit history or who is burdened with other such factors will be considered high risk, and fees and interest might need to be raised to cover this risk. For public marketing purposes, lenders therefore use "typical APR" in their adverts. This will be the lowest possible APR, available to those considered low risk.
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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| Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans secured on your home. |
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© 2007 LoanLine - Typical APR |
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