For a loan you're considering, don't forget to ask:

• What interest rate is offered, as an annual percentage rate (APR)?
• Is there a prepayment penalty if you decide to pay off the loan earlier than scheduled?
• Is the interest fixed or adjustable?
• If the interest is adjustable, which index is it tied to, and what is the margin?
• If the interest is fixed, what would each monthly payment be?
• What other fees would you have to pay? Are they included in the APR?
• What's the term of the loan? Would a different term save you money or make it easier to pay?