Sentences with phrase «exchanging fixed rate loan»
Not exact matches
Refinancing can be a good option for homeowners who have an adjustable - rate mortgage and want to exchange it for a fixed - rate loan so that they'll know exactly what their mortgage payment will be for the life of the loan.
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A home equity loan gives you a one - time lump sum in exchange for a note with a fixed interest rate that must be paid off over a set term.
For example, a 30 - year fixed mortgage rate may be one percentage point higher than say a 5/1 ARM, but the borrower who goes with the fixed loan is banking on payment stability in exchange for a higher upfront cost.
This means that in a swap between euros and dollars, a party that has an initial obligation to pay a fixed interest rate on a euro loan can exchange that for a fixed interest rate in dollars or for a floating rate in dollars.
In exchange for the loan, the government pays a fixed interest rate until the security matures.
The term is commonly used for deposits, foreign exchange spot and forward transactions, interest rate and commodity swaps, options, loans and fixed income instruments such as bonds.
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