Why APR matters so much when it comes to your debts.
Annual percentage rates (APR) may not seem like such a big deal. After all the difference between a 4.25% and 5% APR may not seem that significant, but when it comes to how much money you end up paying on your debts it’s significant. For instance, that less than 1% difference in interest on a 30-year fixed rate mortgage for $150,000 means your payments would jump from $737.91 to $805.23 and total interest paid would increase from $115,647.54 to $139,883.68. So yes, interest rates matter and here’s what you need to know about keeping your rates low…
Are you looking for quick and painless ways to save money every month? Of course you are….who isn’t nowadays! There is no denying the convenience of online shopping but picking up the phone can actually save you some money. Talking over the phone has a certain human element you simply can’t get on the internet. […]