Question : What are the current interest rates for a personal loan of $21,000 what would be the monthly payment and time?
Can you get a personal loan for 4 or 5 years? If the loan will be be used for home improvement is it best to get that type of loan? Just need help in making a decision. Specific advice requested.
- asked by superstar
All Answers:
Answer #1
u dont necessarily need to make a loan what u canalso do is get a credit card from a store likehome depot and just purchase what u need and payoff the amounts chances are credit card paymentswill be cheaper than a loan
- answered by CaNdY...
Answer #2
The rate would really depend on where you arelocated. If at all possible, a loan secured by anasset (i.e home) will be markedly less expensivein terms of interest. 5 years is a reasonable termfor a personal loan of that size. For rates andpayment calculators, visit your bank's website-any of them worth doing business with should havecalculators built in to their website.Again, muchof this depends on your geographic location.Thereis a lot of competition in the U.S for lending,shop around to different banks and let each knowwhen you got a lower rate somewhere else. It willbe surprising how their best offer improves whenthey know another lender has a better rate.
- answered by blueboy
Answer #3
You may be able to get a HELOC (home equity lineof credit). It is like having your own bank,. Youcould check with a mortgage broker for that. Iknow of some if you need referrals. Also, you maybe interested in this new program. It works wellwith a 30, 20, or 15 year mortgage. I amcurrently using a HELOC with a new softwareprogram that helps build equity fast, and willpayoff my home in less than half the time withoutrefinancing, and without extra payments. It issaving me thousands in interest, and pays off homein less than half the years. E-mail me ifinterested.
- answered by marshae
| 
