Sentences with phrase «annually after the initial period»

Adjustable Rate Loans An adjustable rate loan amortizes over the full term of the loan although the interest rate may reset, based on the then current margin plus index, annually after the initial period.

Not exact matches

The rate is then subject to adjustments annually, after the initial fixed rate period.

After the initial period, the interest rate adjusts annually.

After the initial fixed period, the new, adjustable rate, which changes annually, is tied to an interest rate index that moves based on a variety of economic and financial market factors.

After the initial fixed - rate period, your interest rate can increase annually according to the market index.

On a $ 230,000, 5 - 1 ARM amortized over 20 years with an initial interest rate of 4.625 % with an annual percentage rate of 4.451 %, after fixed - period of 5 years the rate may increase annually; individual adjustments are capped at 2 % first, 2 % subsequent and rate can never increase by more than the lifetime cap of 5 %.

Note: Typically Bank of America adjustable - rate mortgage (ARM) loans feature an initial fixed interest rate period (typically 5, 7 or 10 years) after which the interest rate becomes adjustable annually for the remainder of the loan term.

Rates on most level term life insurance plans will typically increase annually after the initial guarantee period ends.

After the initial period, the interest rate will adjust annually for the rest of the loan term.

Premiums will increase annually after the initial 10 - year period.

Adjustable Rate Mortgages are loan products that typically offer a lower interest rate at the outset of the mortgage but after this initial fixed period expires, the rate will adjust either semi-annually or annually.

After the initial XX - month period, the interest rate, APR, and monthly payment are variable and will increase or decrease annually based on changes to the index value.

After the initial fixed - rate period, the interest rate can increase or decrease annually based on the then - current London Interbank Offered Rate (LIBOR) index, which will impact your monthly payment.

If you have an adjustable - rate loan, your monthly payment may change annually (after the initial period) based on any increase or decrease in the London Interbank Offered Rate (LIBOR) index.

The adjustments that happen annually after the initial fixed period will bring the interest rate closer to the current rate at the time of adjustment, which protects the lender because they have chances to increase the interest rate later on if interest rates rise after the mortgage has begun.

With adjustable - rate loans, after the initial fixed period the interest rate can adjust annually.

Rates on most level term life insurance plans will typically increase annually after the initial guarantee period ends.

Premiums are guaranteed to stay level for 20 years and increase annually after initial guarantee period.

Premiums will increase annually after the initial level premium period which is normal for any term life insurance policy.

Premiums increase annually after the initial guaranteed premium period.

Guaranteed level premiums are available for all policy durations, with premium increases annually after the initial level premium period.

After the initial period of 20 years, the premiums will increase annually.

After the initial period, premiums increase annually thereafter.

Like the above - mentioned term lengths the 30 - year term will offer a level term premium for the first 30 years, and after this initial period of can renew annually up to age 95 depending on the policy.

After that period, your premium would renew annually at your new age, which usually causes rates to increase quite a bit after the initial policy After that period, your premium would renew annually at your new age, which usually causes rates to increase quite a bit after the initial policy after the initial policy term.