Sentences with phrase «securing a lower interest rate which»

Securing a lower interest rate which reduces the amount of money paid on the loan in the long term (note: this can only be done through private student loan refinancing or consolidation, not through the federal government).

Not exact matches

In order to secure market share, it will need to differentiate its loans from competitors, which is hard to do without either decreasing interest rates substantially or lowering lending standards.

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

Like most lenders, MEFA allows borrowers to apply with a cosigner, which can help the applicant qualify for a loan or even secure a lower interest rate.

In fact, the lowest interest rate at OneMain Financial, which is 9.99 %, is only available to borrowers who take out auto - secured loans.

With the current rate of interest you can certainly benefit from this low rate compared to an equivalent stand alone loan which is secured on your property.

This reflects borrowers switching from loan products with higher interest rates, such as traditional fixed - term personal loans, to products which attract lower rates of interest, such as home - equity lines of credit and other borrowing secured by residential property.

One bank has introduced a small business loan secured by commercial property, reducing the interest rate at which such a loan would previously have been available from this bank, while another introduced a «basic» residentially secured term loan for small business at 6.35 per cent, 40 basis points lower than that bank's standard residentially secured term loan.

TIFIA interest rates are lower, which will result in financing cost savings of approximately $ 100 million, and TIFIA - secured loans have allowed LACMTA to maximize debt capacity.

We offer an online financing application which helps you secure a low interest rate, and if you call us at 847-885-7000, our sales team can help you decide which E-Class trim is best for you.

Specialized solar panel loans, which are secured loans that can only be used for solar panel systems, generally come with lower interest rates.

Loans secured by your home will generally have lower interest rates, approximately 3.5 % to 6.5 %, than loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over time.

Interest coverage of 1.7 times cash flow is very low, and akin to what one gets on CCC - rated debt, except that the loans are typically secured by the assets of the company, which lessens the severity level of defaults.

We can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

He co-sponsored the Bank on Students Emergency Loan Refinancing Act which would have secured low interest rates for many borrowers.

You'll also be able to secure a lower rate of interest, which could save you thousands of dollars over the life of the loan.

Identifying which rate really reduces costs is therefore important, and securing the lowest interest rates possible is done by looking at a number of factors.

Available through regular banks, specialized financial institutions and online lenders, a secured personal loan is one in which the borrower offers collateral to the lender in exchange for a loan at a lowered interest rate.

Because a HELOC is a secured loan which uses your home equity, the interest rate will be particularly low.

Most homeowners see refinancing as a way to secure a lower interest rate, which leads to smaller monthly mortgage payments and decreases the final amount paid in interest.

Mortgage brokers Napanee, Ontario can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

The benefit of this is the competition between lenders, which may help you secure a lower interest rate or better loan terms.

Both can be secured, which allows you to borrow more at a lower interest rate.

Muskoka mortgage brokers can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

With the current rate of interest you can certainly benefit from this low rate compared to an equivalent stand alone loan which is secured on your property.

You can also get a secured line of credit, such as the Home Power Plan ®, which features lower interest rates and higher limits than an unsecured line of credit.

A secured loan, like a mortgage, attracts lower interest rates which is suitable for paying smaller loans.

Some banks also offer secured personal loans, which use a savings, money market or CD account as collateral, and come with very low interest rates, large loan amounts and long terms.

Home equity lines of credit are secured by your home, which lowers the risk for the bank and allows them to offer you a low interest rate, similar to a mortgage.

However, securing your automobile loan is a great first step in repairing lower credit scores, which makes the higher interest rate more appealing than a future of bad credit.

The interest rate charged for Unsecured Home Improvement Loans is slightly higher than that of secured home improvement loans (which are home equity loans) but considerably lower than the interest rate charged for pay day loans or credit cards.

The interest rate second mortgage will be lower because credit card debt is riskier and a mortgage is secured which will have a lower interest rate.

Some programs may even allow loans to be secured against property, which make the loan safer for the lender, who will in turn pass on an even lower interest rate to the consumer.

Over the life of a loan, a high interest rate on a home equity loan, student loan or car loan can cost you thousands of dollars in interest fees, which could have been lessened with a low - interest rate loan.If your credit score is low, it is important for you to improve your score in order to help secure your financial independence through sound financial planning.

A down payment demonstrates your commitment and a larger down payment could help you secure a better interest rate — which means you'll have lower monthly mortgage payments.

Sometimes, the only option in these cases is to secure another loan, which will help you to lower your interest rate and / or extend the amount of time that you are given to pay back the loan — lowering your payments in the process.

This makes Secured Loans a safer bet for banks which translates to a slightly lower rate of interest.

If you don't have collateral, you can't get a secured loan and thus miss out on the primary benefits, which are a lower interest rate, higher loan amount available and extended repayment period.

So Mr. Harris secured a $ 6 million loan, with a 35 - year term and low interest rate, which paid off the first mortgage, two member notes and the TIF loan.

Moore points out that credit card debt is unsecured while a home loan is secured by your home, which explains why the interest rate is so much lower than a typical credit card rate.