Sentences with phrase «determining the interest rate on»

Lenders will also review a mortgage applicant's financial history and credit score to determine the interest rate on the mortgage.

Lenders will use your credit score and loan - to - value ratio to determine the interest rate on your loan.

Your credit score will be a big factor in determining your interest rate on a credit card or loan.

In addition, proof of steady income is an important factor that determines the interest rate on your loan - the better your income situation is, the less you would end up paying in interest charges.

Let's take a closer look at what determines the interest rate on various types of loans.

However, other factors will also go into determining the interest rate on private student loans.

Another factor that can determine the interest rate on a private student loan is the length of the repayment term.

Margin: To determine the interest rate on an ARM, we add a predisclosed amount to the index called the margin.

Final Thoughts When lenders determine interest rates on loans, your credit score is typically a main factor, and their cutoff points probably differ to some degree.

Each individual lender will determine any interest rate on your loan, and you will have the opportunity to review all rates and fees before accepting an offer.

This rate determines the interest rate on all sorts of loans including private student loans and the refinancing of those loans.

We know that the bond yields mostly determine the interest rate on the fixed rate mortgage.

The number added to the index to determine the interest rate on an adjustable rate loan.

It would also determine your interest rate on the loan for the vehicle you are seeking.

As such, your FICO credit score will be lower and creditors will reference that when determining interest rates on lines of credit.

As your credit score, which determines the interest rates on your loan, is drawn up from your credit report make sure that you regularly check the reports and fix any errors found.

This rate determines the interest rate on all sorts of loans, including private student loans.

Credit card companies use it as an economic indicator for determining the interest rate on its variable rate credit cards.

Prime Rate means the annual rate of interest Royal Bank of Canada announces from time to time as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans in Canada.

Get your credit ready, because your scores will largely determine the interest rate on an auto loan or lease.

For more information check out «How to Determine the Interest Rate on a Personal Loan»

Credit Score — a number that indicates your credit risk; what a lender will use to determine your interest rate on your financing.

The borrower's credit history also determines the interest rate on the new loan.

Prime Rate means the variable annual interest rate announced by us from time to time as a reference rate for determining interest rates on Canadian dollar commercial loans in Canada.

To determine the interest rate on an ARM, we'll add a pre-disclosed amount to the index called the «margin.»

The prime rate means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada.

Get your credit ready, because your scores will largely determine the interest rate on an auto loan or lease.

Accordingly, today banks are free to determine the interest rates on term deposits of maturity of one year and above in both NRO / NRE a / c.

This single number plays a major role in determining the interest rate on your mortgage, so it's vital to know what your FICO score is, address any discrepancies and take corrective action to improve your score if it's below par.

Margin: an amount the lender adds to an index to determine the interest rate on an adjustable rate mortgage.

The actions of these secondary market financial investors collectively determine the interest rate on your loan.

Not exact matches

The Bank of Canada, for one, has carefully assessed the economic risks of consumer debt in order to determine how quickly it can raise interest rates without piling on too many debt - servicing costs for over-stretched households.

I see no evidence that most Canadians actually pay attention to Carney's sporadic announcements; the available evidence strongly suggests they're influenced more by his setting of the overnight rate, which goes a long way in determining the interest costs on their mortgages and lines of credit.

In addition, interest rates on U.S. Treasury bonds are used as barometers for determining global economic health [9], and as pegs for many other interest rates, including American mortgage and student loan rates [10, 11].

Interest rates may be headed up, but most borrowers with educational debt have no idea how rates on private and federal student loans are determined.

The amount of interest paid per year is determined by the interest rate, which is calculated based on your loan amount.

Student loan refinancing interest rates are determined based on an applicant's creditworthiness and income.

How much your credit card interest rate will rise depends on several factors, determined by the issuing company.

They'll also use it to determine how high of an interest rate you'll pay on that loan.

Fed interest rates will most likely have an impact on future loans, but the impact is still to be determined.

That also means that the interest rates for these loans are set by the lenders, based on the borrower's credit history and / or other underwriting criteria determined by the lender.

«It's very important that students know the interest rate on their student loans, because the interest rate will ultimately determine how much interest they're going to be paying dollarwise over the life of that loan,» said Clint Haynes, certified financial planner and founder of NextGen Wealth.

They seem to be hyper - sensitive about signaling changes in interest rate policy, but they seem to not care about the ambiguity and contradictions in the reporting on the actual metrics that they use to determine whether to change the policy or not.

The Revolving Credit Facility provides for a revolving total commitment of $ 50.0 million and bears interest, at our option, at either the prime rate or LIBOR plus, in each case, an applicable margin determined according to a grid based on a net funded debt to Adjusted EBITDA ratio.

Each refinancing lender determines the rate they'll offer a borrower on a case - by - case basis, so if you want to take advantage of the lowest interest rate available, it's best to apply to many different lenders.

We anticipate that borrowings under the New Credit Facility will bear interest, at our option, at either the prime rate or LIBOR plus, in each case, an applicable margin determined according to a grid based on a net funded debt to Adjusted EBITDA ratio.

Their underlying worth is determined by the central banking system and the government, through a series of federal guarantees, the setting of interest rates and so on (money used to be backed by physical gold in Fort Knox, but that hasn't been the case since the 1970s).

Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site — and prior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position.

Mortgage lenders use these scores to determine the risk and «creditworthiness» of a particular borrower, and also when assigning the interest rate on a loan.

Mortgage rates for 5/1 ARMs also depend on a margin, which determines how much a homebuyer's interest rate differs from the index rate.