arc loans??? - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
 
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post #1 of 3 (permalink) Old 05-25-2010, 10:01 AM Thread Starter
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arc loans???

i heard about this type of loan on a radio program the other day and i'm curious to find out how it works and if it's a scam or not. i've tried doing some resaerch on it and visited the website (arcloan.com) but there's not really a lot of info on how it works (red flag number one). but it was on a respected radio show in my city so i don't think it's an obvious "no". just seeing if anyone here would know more about how it works, what the fine print might be, and if it's a good idea to refinance. they claim it's a no closing cost loan that automatically adjusts downward if rates decrease, but never go up when rates rise. sounds too good to be true, right? anyway, anyone have any ideas?
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post #2 of 3 (permalink) Old 05-25-2010, 10:03 AM
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Re: arc loans???

http://en.wikipedia.org/wiki/Special...h=sba+arc+loan

There, wasn't that easy?


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post #3 of 3 (permalink) Old 05-25-2010, 10:16 AM Thread Starter
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Re: arc loans???

well, that only discusses small business loans, so it really doesn't help me all that much
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