Sentences with phrase «because mortgage interest»

Plus, because wealthier people buy more expensive homes and because the mortgage interest tax deduction is available on second homes and vacation homes, rich people can reap some serious benefits from it.

Some current homeowners with mortgages above $ 500,000 might be slightly less willing to sell their current homes and buy new homes because the mortgage interest tax deduction would be less on the new home / new mortgage.

Because mortgage interest rates had skyrocketed to 22 % by the time we were finally finished with all of the paperwork with the then M.C.C.R., and realizing that I would be fighting a losing financial battle (six established brokerages in my area, Peterborough, went bankrupt within the next six months), I wisely elected to quit the business altogether, and went into University, full time, earning a degree in Politics.

This is a great time to buy a home because mortgage interest rates are still very low, and lenders generally have eased lending restrictions.

Because mortgage interest rates are likely to rise over the next year or two, you should calculate whether it makes sense to pull the trigger on a house with savings you already have.

This is especially true because mortgage interest is deductible.

I think they are generalizing because mortgage interest is tax deductable, so it lowers the effective interest rate.

Because mortgage interest rates can fluctuate while you are shopping for a home, borrowers who are waiting to close on a home can face uncertainty as to what their interest rate will be.

(Because the mortgage interest for loans under $ 750,000 is still deductible).

This is because these mortgage interest rates change at regular intervals (typically every one, three, or five years), thus enabling borrowers to capitalize on the new, lower rates.

The goal is to keep your score as high as possible, in part because your mortgage interest rate depends on it.

Not exact matches

Interest rates on 15 - year mortgage terms are typically lower than those on longer - term loans because the shorter duration of the loan makes it less of a risk to the lender.

Over-valuation doesn't look so severe by this measure because a big component of mortgage payments — interest rates — is very low and incomes have continued to rise over the years.

The over-valuation doesn't look so severe on this basis because a big component of mortgage payments, interest rates, is very low.

Because the target affects the interest rates that financial institutions charge each other from day to day, it usually affects other interest rates, such as mortgages and consumer loans.

So your argument is that because interest rates have been kept artificially low (effectively ripping everyone off with a manipulated money supply that's becoming more worthless by the day) that paying 6 % for a mortgage (which at one point was low) is getting ripped off?

Moreover, when you have a high FICO score, the «adjustment» to a conventional mortgage because you are making a low down payment will add 0.25 percent to your interest rate if you make a 5 percent down payment, or 0.75 percent if you make a lower down payment.

Adjustable - rate mortgages are popular because interest rates are typically cheaper initially than long - term, fixed - rate mortgages, such as the 30 - year mortgage.

Because of the way interest is calculated for mortgages, additional payments early on have a bigger impact than later in the life of the mortgage.

In that space, we know that the new rules mean you need to be much more qualified to have that mortgage today than before the rules went into place, so there is a cushion in there where you can tolerate a higher rate of interest and so on because you have been tested against it.

Higher - income taxpayers with mortgage interest, property tax, and other deductions in excess of such amounts would have no tax incentives to give to charity because charitable gifts would not add to their deductions.

Refinancing your mortgage to a shorter term is all about saving money overall because of the lower interest rate and the shorter payment term.

Because your rate is not locked in for the duration of the loan, a rising interest rate environment will force the lender to increase your mortgage rate, thus adding to your monthly payment.

However, this was partly because Dollar Bank provided no zero - point mortgages, meaning that its advertised rates included the effect of purchasing mortgage points in order to lower the final interest rate.

Maybe you'll want to reduce your long - term interest payments because 15 - year mortgages pay 65 % less mortgage interest over time.

A fixed - rate mortgage is generally a safer bet than an adjustable - rate mortgage because you know what your interest rate will be for the length of the loan and your payments will stay the same for the duration of the mortgage.

Fixed mortgages are easier to understand because the interest rate that they charge never changes, so you can count on monthly mortgage payments remaining constant throughout the lifetime of your loan.

Because the long - run trend in mortgage interest rates has been downward, from a peak of 18 percent in 1981, the housing market has benefited from consistently increasing house - buying power.

Even a seemingly tiny difference in mortgage rates can save you thousands of dollars in interest over the life of a 30 - year mortgage, so it's definitely worth doing — especially because rate shopping won't hurt your credit.

Why it matters: This is an important topic for anyone considering an adjustable mortgage product, because it affects the monthly payments as well as the total amount of interest paid over time.

Interest rates are higher than mortgage rates because loans for movable property are riskier for lenders.

Most lenders offer 15 - year mortgages with slightly lower interest rates, but because the payoff time is cut in half, the monthly payment is higher.

On its Web site, the VA warns consumers that just because VA mortgages are government - backed doesn't mean the government sets their interest rates or costs.

This is because fixed - rate mortgages are mortgage loans for which the interest rate does not change — even if market mortgage rates move higher or lower in the future.

If you manage to pay off a 30 - year fixed rate mortgage in only 15 years, you come out ahead financially because you've reduced the amount of interest paid on the loan.

If they go on strike or if they're fired because they complain about working conditions, all of a sudden their interest rate goes up on their credit card, all of a sudden they miss their mortgage payment, they're losing their home.

This is because homeowners pay approximately 65 % less mortgage interest over time with a 15 - year mortgage as compared to a 30 - year.

But he stresses that he did this analysis on his own because he's been asked so many times lately what could happen to the housing market — which has already suffered a slump in sales and an easing of growth in prices since tougher mortgage lending rules were introduced last summer — if interest rates inch up from historic lows.

That's because low interest rates, like sub-prime mortgages and credit default swaps, are the proper financial instrument in very limited circumstances.

Because of one missed credit card payment of $ 15, for instance, the consumer might receive a higher mortgage rate and pay thousands more in interest over the life of a home loan.

Because of this, investors require higher interest rates for mortgages.

Try to look for the lowest interest rate possible, because you'll need to pay your monthly mortgage bill as well.

Because of the unpredictable nature of ARMs compared to a fixed - rate mortgage, you should prepare for a higher interest rate in the future.

ARM products are less risky for mortgage lenders, because if interest rates rise during the term of the loan, the lender gets more interest income.

Most homebuyers choose conventional mortgages because they offer the best interest rates and loan terms — usually resulting in a lower monthly payment.

However, in most cases the amortization period changes because different borrowing terms, interest rates and payments against the principal amount at each renewal vary the length of time required to pay off the mortgage.

If you can afford a 15 - year mortgage rather than a 30 - year mortgage, your monthly payments will be higher, but your overall cost will be drastically lower because you won't be paying nearly so much interest.

A 40 - year fixed - rate mortgage is generally a less popular option both because it takes so long to pay off the loan and because you end up paying a lot in interest.

Still, ARMs are popular because banks tend to offer lower interest rates on an ARM compared to a fixed rate mortgage.

I am hoping interest rates stay low because I have a lot of mortgage debt, and with rates low, it boosts the stockstoo.