Sentences with phrase «by borrowing money at a lower interest rate»
The refunding, which is similar to refinancing a home mortgage, pays off existing debt by borrowing money at a lower interest rate.
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Backed by the funds you have on deposit, its a secure way to borrow money at a low interest rate.
Buy that same home with a 15 - year loan at today's 2.86 % (the shorter time you borrow the money, the lower the rate), and your monthly payments balloon to $ 1,710 — but you'll pay only $ 43,306 in interest by the time you're done.
By pledging their savings (shares) or stock, members can borrow the money they need at a very low interest rate and build excellent credit history.