Beyond the Teaser Rate: What Happens to Your Loan Cost After the Intro Period Ends
That 0%–3.99% intro rate can jump past 20% APR the moment the promo period ends. Here's what drives the spike and how to calculate your true loan cost before signing.
Tag ARM loan
What Happens to Your ARM Rate When the Index It’s Tied to Gets Discontinued
Over $1.3 trillion in U.S. consumer ARMs were affected when LIBOR was phased out. Federal rules now require lenders to substitute a comparable index — here's how that works.