Which loan part should I sell?

smiffy09
New Member

Posts: 3

Which loan part should I sell? Oct 18, 2015 21:53:09 GMT

Quote

Post by smiffy09 on Oct 18, 2015 21:53:09 GMT

Hi All

I have two loan parts for a particular loan, one of which I want to sell. Details of the loan part rates on the 'My Summary' page are below:

Loan part A - 12.7%
Loan part B - 11%

On the 'sell' page however, the rates are (with no discount or premium applied):-

Loan part A - 10.3%
Loan part B - 11.2%

I know why the rates vary between the pages but which loan part should I sell so that I keep the 'better' loan part??

blender Member of DD Central Posts: 5,719 Likes: 4,272	Which loan part should I sell? Oct 18, 2015 22:17:36 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by blender on Oct 18, 2015 22:17:36 GMT On the sell page you get the true interest rate which you are receiving. So you should sell loan part A if you wish to keep the better part. However loan part B will be easier to sell at the same mark-up.

GSV3MIaC Moderator Posts: 5,699 Likes: 3,337	Which loan part should I sell? Oct 19, 2015 6:59:38 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by GSV3MIaC on Oct 19, 2015 6:59:38 GMT And the rates are different because you bought A at a discount, and B at a small premium. Sell A.
	General Systems Vehicle Three Minds in a Can .. bringing The Culture to a Supercluster near you. (Iain M. Banks, R.I.P.) NB 'Moderator' superpowers extend to forum mechanics and rules interpretation. Anything else mentioned is (at best) a personal opinion.

smiffy09 New Member Posts: 3	Which loan part should I sell? Oct 21, 2015 15:13:20 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by smiffy09 on Oct 21, 2015 15:13:20 GMT Perfect, thanks guys.

Post by smiffy09 on Oct 18, 2015 21:53:09 GMT

Post by blender on Oct 18, 2015 22:17:36 GMT

Post by GSV3MIaC on Oct 19, 2015 6:59:38 GMT

Post by smiffy09 on Oct 21, 2015 15:13:20 GMT