Sentences with phrase «unlike fixed rate mortgages»

Unlike a fixed rate mortgage, the interest rate on an ARM can fluctuate from year to year.

Not exact matches

Unlike fixed - rate mortgages, an ARM has an interest rate that «adjusts» or changes over the life of the loan.

Unlike your interest rate, your APR will reflect the true cost of taking on a 30 - year fixed mortgage rate.

Unlike the fixed - rate loan described above, an adjustable - rate mortgage (ARM) loan has an interest rate that can change over time.

Unlike a fixed - rate mortgage loan, which carries the same interest rate for the entire repayment term, an adjustable / ARM loan has a rate that changes over time.

Unlike a fixed - rate mortgage, an adjustable - rate mortgage isn't a sure thing.

Unlike a fixed - rate mortgage, the interest rate on an adjustable - rate mortgage changes over time.

Unlike an ARM, which has a rate that changes during the mortgage term, a fixed rate remains the same.

* Unlike traditional first or second mortgages, a HELOC interest rate is not fixed; the rate varies from month to month with the prime rate.

Unlike the dependable fixed - rate mortgage, an adjustable - rate mortgage (ARM) is one in which the interest rate «adjusts» over the period of the loan.

Unlike with a fixed - rate mortgage, the interest rate on an ARM changes at predetermined intervals over the life of your loan.

«With a 30 - year fixed rate mortgage, you'll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years — unlike rents which will continue to rise over the next three decades.»

The interest rate on an ARM will periodically change, unlike mortgages that have fixed rate and have an interest rate that remains the same for the life of the loan.

Unlike a fixed rate home loan, which has a fixed interest rate for the life of the loan, the interest rate on an adjustable rate mortgage, or ARM, changes at contracts, agreed upon intervals.

Unlike most fixed - rate mortgages, which are sold to others, lenders also find ARMs to be desirable and profitable additions to their own portfolios of loans, so they may price these aggressively at times in order to capture business.»

Unlike direct lenders, some of the banks we surveyed offered lower estimates for 15 - year fixed rate mortgages compared to 5/1 ARMs.

Unlike traditional 30 year fixed rate mortgages, the interest rate adjusts periodically after an introductory fixed rate period.

Unlike adjustable rate mortgages, where rates change depending on market conditions, fixed rate mortgages feature interest rates that stay consistent throughout the lifetime of the loan.

Unlike with Whole Life, where a portion of your monthly premium is placed in a single tax - deferred annuity account with a fixed interest rate at the time of the purchase of the policy, the savings portion of your premium in a UL policy is placed in a variety of bonds, mortgages and money market funds by the insurance company.

Unlike fixed - rate mortgages, an ARM has an interest rate that «adjusts» or changes over the life of the loan.

Unlike a traditional fixed - rate mortgage loan, where the interest rate and monthly payments stay the same, an interest - only home loan can lead to higher monthly payments down the road.

Unlike your interest rate, your APR will reflect the true cost of taking on a 30 - year fixed mortgage rate.

Unlike a fixed - rate mortgage, an adjustable - rate mortgage (ARM) has an interest rate that can change while you're still paying back the home loan.

Unlike an adjustable - rate mortgage, a fixed - rate loan is predictable.

Unlike rent, your fixed rate mortgage payments won't go up over time.