What is the difference between a mortgage commitment letter and a pre-approval?
A pre approval only approves the party to the transaction as qualifying for that amount while a commitment is a bona fide contract indicating that the lender will finance the amount of the loan for both the party and the subject property.
5.27%The national average for US auto loan interest rates is 5.27% on 60 month loans. For individual consumers, however, rates vary based on credit score, term length of the loan, age of the car being financed, and other factors relevant to a lender's risk in offering a loan.
What are the interest rates for federal student loans?
|Undergraduate Borrowers||Graduate or Professional Borrowers||Parents and Graduate or Professional Students|
|Direct Subsidized Loans and Direct Unsubsidized Loans||Direct Unsubsidized Loans||Direct PLUS Loans|
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