Columbus Day
Our offices will be open on Monday, October 14.
Due to the federal holiday weekend, payments may take up to 5 days to post to your account. This delay will not change the
effective date of the payment.
LIBOR Rate
The LIBOR rate for October 2019 is 2.05%, a decrease from September's LIBOR rate of 2.14 %. With any
change to the LIBOR rate, variable rate loans will re-amortize and a repayment
schedule will be provided that will include your new monthly payment amount,
interest rate (margin plus LIBOR), and the effective date of your new monthly
payment amount.
Note: The
repayment schedule interest rate does not reflect the Auto Pay discount, if
applicable to your loan program, as payments are not calculated with the
discounted interest rate.