Sentences with phrase «by securing a lower interest rate»

In addition to finding a lender that better suits your needs, you could make it a «win - win» by securing a lower interest rate.

One of the main benefits of refinancing student loans is the ability to reduce the total cost of your debt by securing a lower interest rate.

You also will save a lot more money over the lifetime of your loan by securing the lowest interest rates possible.

Most people refinance to reduce their monthly payments, either by securing a lower interest rate or extending their loan term.

Not exact matches

Borrowers, bolstered by solid post-session performances and enticed by record - low interest rates, have begun to have an easier time securing financing.

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

a municipal bond that is secured by an escrow fund; the escrow fund comes from the issuer floating a second bond issue and using the proceeds from that second bond issue to purchase government obligations, typically U.S. Treasuries, proceeds from the second bond issue create an escrow fund to mature at the first call date of the first bond issue to pre-refund that issue; bond issuers will typically do this during times of lower interest rates to lower their interest costs

If you're only planning to stay in a home for a few years, you might be able to secure a lower interest rate by using an ARM loan (as opposed to a fixed - rate mortgage).

This reflects borrowers switching from loan products with higher interest rates, such as traditional fixed - term personal loans, to products which attract lower rates of interest, such as home - equity lines of credit and other borrowing secured by residential property.

One bank has introduced a small business loan secured by commercial property, reducing the interest rate at which such a loan would previously have been available from this bank, while another introduced a «basic» residentially secured term loan for small business at 6.35 per cent, 40 basis points lower than that bank's standard residentially secured term loan.

Not that much higher because they're still secured by a home (the home as collateral), the interest rates people typically pay on them are lower than those of nearly any other sort of borrowing.

Cash - out refinancing means the loan is secured by your home, so the interest rate is significantly lower compared to other debt such as credit card balances

Loans secured by your home will generally have lower interest rates, approximately 3.5 % to 6.5 %, than loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over time.

Since these loans are secured by valuable property, interest rates are usually lower and repayment terms can be more comfortable.

Credit card consolidation is achieved by securing a new credit card with a lower interest rate and transferring the outstanding balances from your existing cards onto the new card.

Interest coverage of 1.7 times cash flow is very low, and akin to what one gets on CCC - rated debt, except that the loans are typically secured by the assets of the company, which lessens the severity level of defaults.

Most people refinance their cars for one of two reasons: They want to lower their monthly payments by spreading out the loan, or they want to secure a lower interest rate to save money.

If you qualify through HARP, you will be rewarded with significant savings by a lower monthly payment, a reduced interest rate, a secured fixed - rate mortgage, and your home equity will begin to build!

Backed by the funds you have on deposit, its a secure way to borrow money at a low interest rate.

Secured Personal Loans carry lower interest rate due to the fact that the loan is guaranteed by an asset and if you apply with a co-signer, the co-signer's credit score and history will be taken into consideration when determining the interest rate you'll have to pay.

Interest rates are determined by the loan chosen with unsecured loans having high rates of up to 19 % -29 % and secured loans like mortgages charge low iInterest rates are determined by the loan chosen with unsecured loans having high rates of up to 19 % -29 % and secured loans like mortgages charge low interestinterest.

Secured Business loans on the other hand do require collateral but they have lower interest rates and longer repayment programs since the lender doesn't have to worry because he can always claim his money by taking legal actions to repossess the asset guaranteeing the loan.

Because a home equity line of credit is secured by your home, meaning the lender could foreclose on your home if you defaulted on your loan, you can usually obtain a lower interest rate on a HELOC than you'd get with a personal line of credit.

If you used a HELOC rather than a credit card, the fact that more of it was secured by your house means that you paid a much lower interest rate before it was paid off.

If you're only planning to stay in a home for a few years, you might be able to secure a lower interest rate by using an ARM loan (as opposed to a fixed - rate mortgage).

Identifying which rate really reduces costs is therefore important, and securing the lowest interest rates possible is done by looking at a number of factors.

These loans typically have lower interest rates than credit cards, especially if you secure the loan by pledging an asset, such as your car as collateral.

Home equity loan or lines of credit: A home equity loan or line of credit can offer a lower interest rate than most personal loans because it is secured by your home.

a municipal bond that is secured by an escrow fund; the escrow fund comes from the issuer floating a second bond issue and using the proceeds from that second bond issue to purchase government obligations, typically U.S. Treasuries, proceeds from the second bond issue create an escrow fund to mature at the first call date of the first bond issue to pre-refund that issue; bond issuers will typically do this during times of lower interest rates to lower their interest costs

By using personal assets like your car or savings as collateral, a secured loan may offer a lower interest rate and be easier to obtain.

By paying this amount at closing, you could secure a lower interest rate on your loan.

Because mortgages are traditionally the least expensive form of borrowing (because the loan is secured by your house), you might be able to borrow at a low interest rate to repay your higher interest rate credit card and other debts.

Loans secured by real estate generally are considered safer by lenders, resulting in lower interest rates than for other types of loans.

These loans are secured by your ownership interest in the policy, so they may carry a relatively low rate of interest.

By implementing these strategies, you can reap benefits including lower interest rates on loans and the ability to secure higher credit card limits.

But it typically carries a lower interest rate because the line of credit is secured by your home equity.

But to obtain this lower interest rate, the loan must be secured by your assets, usually home equity, putting your home at risk if you fail to meet obligations.

By going with a secured loan for self employed individuals, you will be offered a lower rate of interest and a longer term of repayment with lower monthly payments.

By renegotiating the terms of their debt, borrowers can potentially secure a lower interest rate and reduce their monthly payments.

Interest rates for both HELs and HELOCs are lower than unsecured loans or credit cards because they are secured by your property.

Home equity lines of credit are secured by your home, which lowers the risk for the bank and allows them to offer you a low interest rate, similar to a mortgage.

The interest rate is usually low, because the loan is secured by the home.

Most commonly, secured bad credit loans have low interest rates since the lender is guaranteed repayment by the collateral offered by the applicant.

It was created by the VA in an effort help our veterans secure the lowest interest rate possible.

Going forward, try to assess if you're better off covering extraordinary expenses with RRSP withdrawals or even a line of credit (ideally secured by your home at a low interest rate).

Because a HELOC is secured by the value of your house, it has a much lower interest rate than a credit card.

You could reduce the total amount of interest you pay over the life of the loan, either by (A) shortening the term or (B) securing a lower rate.

A cash - out refinance often has a lower interest rate than other types of loans because it's secured by your home and because it's considered a first mortgage.

Because the loan is secured by your home, and because it's considered a first mortgage, a cash - out refinance typically has lower interest rates than other forms of debt.

Moreover, the interest rates on top - up loan are lower when compared to a personal loan, also the top - up personal loan is secured by the property compared to the unsecured personal loan.