Sentences with phrase «constant over the life of the loan»
Your monthly mortgage payment will remain constant over the life of the loan, making budgeting a breeze!
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The amount of the margin can differ from one lender to another, but it is usually constant over the life of the loan.
Depending on the contract terms provided by the lender, these interest rate caps may be allowed to change at the end of each adjustment period or remain constant over the life of the loan.
Not exact matches
This allows a lender to create a payment schedule with constant payments over the entire life of the loan.
Margins vary from one lender to the next, but they usually remain constant (unchanging) over the life of the loan.
There are many different types of mortgage loans; however, fixed rate mortgages (interest rate remains constant or fixed over the life of the loan) and adjustable rate mortgage (interest rate fluctuates with overall market rates) are the most common.
To handle this fairly while maintaining constant payments, the percentages of each payment that go into paying down principal and paying interest change continuously over the life of the loan.
Margins vary from one lender to the next, but they usually remain constant (unchanging) over the life of the loan.
Margins vary from one lender to the next, but they usually remain constant (unchanging) over the life of the loan.