No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Thinking of doing a auto refinance, I wanted to know what does this community have in advice for which places currently has good rates. From what I read from a few posts, its bad - Anyway thank you for any advice.
(This is a credit union also by the way)
Current Balance: $16,384.51
Date Opened: 04/05/17
Interest Last YTD: $481.30
Interest Rate: 2.24%
Interest YTD: $222.32
Normal Payment Amount: $379.96
Original Balance: $25,554.85
Original Rate: 2.24%
Payment Amount: $379.92
Payoff Amount: $16,408.64
Term in Months: 72
Below is banks that I already have accounts with.
Arrowhead CU, PenFed CU, Ally Bank, Bank of America, USBANK,CITI,Chase (I think I got them all...)
Is your current rate 2.24% now??
I kinda figured.. however I was actually trying to make the monthly lower I guess...
I got 3.75% for 6 years recently at local credit union. I thought that was pretty good.
Play with the amortization schedule and see what that would do.
On the one hand you have an amazing rate which will surely go up, however for argument sake lets say it goes up to 5% and your loan is for 6 years remaining instead of whatever is left now (looks like you have had it about 2.5 years) then you could potentially save some money.
Is it worth it? Perhaps because even at 5% it's cheap money, cheaper than a credit card or most other loans you can get.
I do worry about extending the term and taking 8.5 years to pay it off.
Just food for thought.