Sentences with phrase «borrowers on a fixed income»

This way, senior borrowers on a fixed income can finance the purchase of a new home without the burden of having to make monthly mortgage payments.

This is beneficial for senior homeowners because deferring repayment allows borrowers on a fixed income to have more control over their finances.

This is beneficial for senior homeowners because deferring repayment allows borrowers on a fixed income to have more control over their finances.

Not exact matches

Overall, Treasury yields, which influence the interest rates that borrowers pay on mortgages and other loans, have been «remarkably stable» given the Fed could raise rates against the backdrop of ongoing turmoil in global markets, said Kathy Jones, chief fixed income strategist at Schwab.

Under an income - contingent repayment program, borrowers with Direct Stafford loans of any kind, PLUS loans made to students, and consolidation loans have their monthly payment based on the lesser of 20 percent of discretionary income or the amount due on a repayment plan with a fixed payment over 12 years, adjusted for income.

ICR plans are more restrictive than newer income - driven plans like PAYE and REPAYE, requiring monthly payments equal to either 20 percent of discretionary income, or what the borrower would pay on a 12 - year fixed repayment plan, whichever is less.

Under an income - contingent repayment program, borrowers with Direct Stafford loans of any kind, PLUS loans made to students, and consolidation loans have their monthly payment based on the lesser of 20 percent of discretionary income or the amount due on a repayment plan with a fixed payment over 12 years, adjusted for income.

On the other hand, a borrower who pays a fixed - rate mortgage of 5 percent would benefit from 5 percent inflation, because the real interest rate (the nominal rate minus the inflation rate) would be zero; servicing this debt would be even easier if inflation were higher, as long as the borrower's income keeps up with inflation.

Unlike a traditional loan where the borrower is burdened with a fixed loan amount which puts a severe strain on the liquid cash, in MCAs you repay a fixed percentage which will vary with the daily income of your gym.

An income - driven repayment plan requires a borrower to pay a fixed portion of their income each month instead of a flat fixed rate on student loan debt.

A borrower who has a low income for the first years of repayment, but a high income in the latter five, will have his payments capped in those later years not by his income, but by his original monthly payment based on a fixed 10 - year repayment plan.