Sentences with phrase «choose variable rate»

Of the 23 per cent who plan to buy in the next two years, 15 per cent say they will choose a variable rate mortgage, compared with 13 per cent in 2007.

If you choose a variable rate mortgage, it's important to understand that your monthly payments may increase if interest rates rise.

If you choose a variable rate instead, you may pay more if rates go up.

This means that no matter how high the LIBOR rate increases, you will never pay more than 9.95 percent interest on the aforementioned variable rate loans if you choose a variable rate loan and refinance your student loan with Education Loan Finance.

You can choose to fix your home loan interest rate for a set period of time or choose a variable rate loan, which means your repayments will change when interest rates change.

Or, for example, you can choose a variable rate loan that can start with an interest rate of 4.49 percent for the first three months, and go higher or lower to mimic the 3 - month LIBOR rate.

Refer back to your original decision to choose a variable rate mortgage.

If you choose a variable rate Discover loan product, you should know that your interest rate may change over time as variable rates are tied to an index.

It can be less risky if you choose a variable rate on a shorter - term loan, so you may not want to take the leap if you have more than five or seven years left on your loan.

If you're unlucky and choose a variable rate loan, you could get your loan at an all - time low, and rates will steadily increase over the life of the loan.

Regardless of any potential movement in the overnight and prime lending rates, as always I recommend to my clients to refer back to your original decision to choose a variable rate mortgage.

And if you choose the variable rate, make sure you're comfortable with the idea of it going up at any time, and consider making payments while the rate is still low.

This morning Flaherty made it a little more difficult to buy a home, announcing that anyone who takes out a mortgage must be able to pay based on a standard five - year fixed rate, even though they may choose a variable rate.

That's a big enough savings for me to choose a variable rate but there were a few other factors involved I wanted to consider.

Or, for example, you can choose a variable rate loan that can start with an interest rate of 4.49 percent for the first three months, and go higher or lower to mimic the 3 - month LIBOR rate.

The price of a variable rate loan will either increase or decrease over time, so borrowers who believe interest rates will decline tend to choose variable rate loans.

Rising interest rates can greatly increase the cost of borrowing, and consumers who choose variable rate loans should be aware of the potential for elevated loan costs.

If you choose a variable rate, your rate will probably be lower than the fixed rate offer.

Considering the fact that variable rates can increase, you might be wondering why anyone would choose a variable rate over a fixed one.

Forty - six per cent of those surveyed also they'll choose a fixed mortgage rate when they buy, versus 20 per cent who will choose a variable rate.

And, choosing a variable rate student loan can get them the biggest savings.

Conclusion: I chose a variable rate mortgage over fixed rate because it was the best fit for us.

** This repayment example is based on a typical loan to a first - year graduate Medical borrower who chooses a variable rate and the Fixed Repayment Option for a $ 10,000 loan, with two disbursements, a 0 % disbursement fee, and a 7.50 % variable APR..

Those homeowners who chose a variable rate may be considering a conversion — switching from a variable to a fixed rate.

For example, even though a variable rate loan may lower the initial interest rate, I can think of many scenarios when choosing a variable rate loan would not be the best decision.

Laird said historically borrowers who have chosen the variable rate mortgage have done better than those who have opted to lock in their rate.

However, statistics show that nearly 85 to 90 per cent of the time, borrowers save money by choosing a variable rate mortgage.

** This repayment example is based on a typical loan to a borrower (on behalf of a student) who chooses a variable rate and the Interest Repayment Option for a $ 10,000 loan, with two disbursements, and a 9.73 % variable APR..

Ordinarily, I would dispassionately look at the long - term variable vs fixed numbers and figure on saving money in the long run through choosing variable rates over the whole term of my mortgage.

This repayment example is based on a typical loan to a borrower who chooses a variable rate and the Fixed Repayment Option for a $ 10,000 loan, with two disbursements, and a 8.66 % variable APR..

** This repayment example is based on a typical loan to a first - year graduate Dental borrower who chooses a variable rate and the Fixed Repayment Option for a $ 10,000 loan, with two disbursements, a 0 % disbursement fee, and a 7.70 % variable APR..

* This repayment example is based on a typical loan to a borrower who chooses a variable rate and the Fixed Repayment Option for a $ 10,000 loan, with two disbursements, and an 8.44 % variable APR..

This repayment example is based on a typical loan to a first - year graduate borrower who chooses a variable rate and the Fixed Repayment Option for a $ 10,000 loan, with two disbursements, and a 7.47 % variable APR..

Not exact matches

However, borrowers can choose between a fixed and variable rate, and may repay their loan faster without any penalties.

If you want the flexibility to choose between a fixed rate and a variable rate loan, consider SoFi.

A confusing decision, when refinancing, can be choosing between a variable and fixed interest rate student loan.

However, there are other factors that affect interest rates on private loans, including whether you choose a fixed or variable rate and your credit history.

SoFi allows borrowers to choose between a fixed rate or a variable rate, an option that isn't offered by Avant and the majority of other personal lenders.

However, most users choose fixed interest rates a survey shows that variable interest rates can cost you less.

Some borrowers refinancing through the Credible marketplace choose variable - rate loans that can rise and fall with benchmark interest rates.

It is typically a safer bet to choose a fixed - rate loan, but you can also realize additional interest savings with a variable rate loan in a low interest rate market.

Whether you're taking out a loan or refinancing for new terms, you'll have to choose between a variable and fixed rate student loan.

Private student loans, on the other hand, typically let you choose between fixed and variable rates.

So should you choose a fixed rate or variable rate student loan when you get a new or refinanced student loan?

You can lower your initial rate by choosing a variable - rate loan, but that rate can still go up or down in concert with indexes like the prime rate or LIBOR.

Typically, choosing a variable over a fixed rate student loan would result in an initial interest rate that is 1.25 % to 1.75 % lower.

You also have the option to choose a fixed rate or variable rate.

This widening in the gap between fixed and variable housing rates is likely to have contributed to the pick - up in the proportion of borrowers choosing to take out fixed - rate housing loans: in November 2004, the latest available data, 11 per cent of new owner - occupier housing loan approvals were at fixed rates, up from 7 per cent three months earlier and the highest share since the beginning of 2004, which followed a period of monetary policy tightening (Graph 45).

However, variable rate loans are available for those who are choosing between private and federal loans, or who are considering a refinancing.

Terms are offered for three, five or seven years, and you can choose between a fixed or variable interest rate.