Sentences with phrase «accept high interest rates on a loan»

Not exact matches

For example, if you are planning on only having the mortgage for a few years because you plan to pay the loan off very quickly, you may want to accept a slightly higher interest rate if it allows you to lower your loan fees.

Your co-signer is accepting complete liability of your loan; as a result, until you pay off the debt, it will limit his or her borrowing potential and will probably result in higher interest rates on other loans and purchases made on credit.

It's important to try to get a good deal on those variable closing costs (though not if it means accepting other poor loan terms, like a higher interest rate).