Best Title Loan Lenders Miami Lakes, FL
1. Title Lawyers LLC
5979 NW 151st St 112 Miami Lakes FL 33014
(786) 953-8242
2. Home Sweet Home Title LLC
8181 NW 154th St Suite 260 Miami Lakes FL 33016
+1 305-552-9888
3. Fortune Lenders
15271 NW 60th Ave Ste 107 Miami Lakes FL 33014
+1 305-907-5507
4. The Notary Expert Corp
6175 NW 153rd St Miami Lakes FL 33014
+1 786-223-1070
5. New Era Title LLC
6625 Miami Lakes Dr Miami Lakes FL 33014
+1 305-777-3871
6. Closing Solutions
5881 NW 151st St Miami Lakes FL 33016
+1 305-771-5154
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Fixed installment method
With the fixed installment method, the payment each month is fixed. But the amount going toward interest is getting smaller, while the amount going toward principal grows larger month by month.
Equal Principal and Equal Interest
The principal is divided into equally monthly amounts. And the interest each month is calculated on the total principal, which means it will not be reduced over time.
APR
An APR, short for Annual Percentage Rate, refers to a percentage that reflects the yearly cost of borrowing a loan over its term.
Finance Charge
A finance charge is the total amount of cost paid on a loan. It includes interest, fees, and other charges that are collected over its life.
- Total Principal Paid: $ 4,000.00
- Finance charge: 473.42
- APR: 36.00 %
- Total Principal Paid: $ 10,000.00
- Total Interest Paid: $327.97
- Loan term: 12 months