Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

The loan program I’m considering has a rebate. How does the rebate work?

April 26, 2017considering I’m loan program rebate

0

Posted

The loan program I’m considering has a rebate. How does the rebate work?

2 Answers

0

Posted

A. The lender is offering you a credit—or rebate—if you agree to accept an interest rate higher than the zero point interest rate. The rebate amount is based on the amount of the loan and the lender harnesses the rebate amount by collecting it in small increments over the life of the loan.

0

Posted

The lender is offering you a credit—or rebate—if you agree to accept an interest rate higher than the zero point interest rate. The rebate amount is based on the amount of the loan and the lender harnesses the rebate amount by collecting it in small increments over the life of the loan.