About Our Rates
You've asked, we've answered. These are the commonly asked questions that we have answered and are now published live and publicly so that you and the clients like yourself have access to our insights.
How does IntoRV determine rates to advertise? We partner with the best lenders in the industry to make sure the rates we offer are not only competitive, but the lowest out there! At IntoRV we don't just advertise a rate to get your inquiry, we verify that at least two lenders are able to offer this rate when published. We study the current offerings weekly, each Monday, to determine if any adjustments need to be made.
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How are tiers determined? Many buyers like you may be wondering what makes you a tier 1, tier 2, etc. Due to all of the factors an RV lender takes into consideration, we chose to not publish rates by credit score as that is only a "way in" rather than ultimate determining factor. Qualifiers on tier start with tier but are followed with comparable credit, debt versus income, loan versus value, down payment size, and more. Tier 1 rates are typically reserved for those with credit scores at or above 800, however we see high 700's occasionally score as tier 1 also.
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What down payment are your posted rates assuming? Lenders all have different down payment requirements, however we've chosen to post rates assuming 10-20% down for all dollar ranges. Any dollar amount north of $200,000 is assumed at 15-20% down rather than 10% as that is the most common requested amount from our lenders. We do have lenders who will offer 10% down at these amounts, however the interest rate you may obtain in doing so will be fractionally higher than those putting more down.
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How can I reduce the interest rate I'm approved for? Every lender is different, but most have areas where an interest rate may be decreased with some assistance from the consumer. Common factors are down payment size and loan term. Decreasing a standard 240 month term down to 180 months will sometimes save you as much as a quarter percent.​
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How does IntoRV verify the best loan option for me? Because we have only your best interest in mind, we combine our customer service with our experience to offer you the very best options in the market. Our lenders are quick to answer calls and return emails in order to help us capitalize on making all proposals attractive, simple, and easy to understand. We back all review by analyzing rate break opportunities, confirming lender valuations, and much more.
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How do I apply for a loan? Simple! Just fill out the application at the link below and we will reach out to you to confirm all details and work through the process with you!