Sentences with phrase «before teaser rates»

For best results, pay your balance off before the teaser rates expire to make these cards worth using.

If your sister is planning to move before the teaser rate expires, she could get a great deal.

Not exact matches

Crunch the real numbers We all know that $ 399 cut - rate deal is a teaser, so calculate how much you'll really be paying before you get too excited.

• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are held by their original lender, not packaged and sold to third parties as is typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 % of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take equity out of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 % of the value of homes, compared with 55 % in the U.S.

These rates, also known as teaser rates, are low for a limited period before spiking dramatically.

A history of on - time mortgage payments before the borrower's teaser rates expired and loans reset.

Because HELOCs have lots of moving parts — variable interest rates, introductory / teaser rates, closing costs, fees, possible balloon payments — it's wise to have weighed the apples - to - apples offerings from a variety of lenders before you sign on.