Sentences with phrase «charges over the life of your new loan»
You could qualify for lower rates, so you'd pay less in total interest charges over the life of your new loan.
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If your new interest rate is not sufficiently lower than your original loan, then those extra months of interest charges may increase the total cost of your home over the life of your loan.
The goal is to secure a lower rate of interest on the new loan so as to save on finance charges over the life of the loan.