Sentences with phrase «fact higher monthly payments»

Not exact matches

The quoted interest rate was actually higher for the conforming loan, but this was due to the fact that the lender assumed that our hypothetical borrower would agree to preauthorize monthly payment transfers.

In fact, switching to a conventional mortgage may actually lower your monthly payment, even if the new loan's interest rate is a bit higher.

«Sometimes a higher down payment may be asked, and the fact that you will likely be required to pay a monthly condo association fee can skew your debt - to - income ratio negatively,» says Klaus Gonche, Realtor with Fort Lauderdale - headquartered Century 21 Hansen Realty.

In fact, the monthly payment plan could end up being higher than what you're currently paying.

When deciding upon a loan term, keep in mind that longer terms result in smaller monthly payments, but also in more money paid to the lender in interest, both because of typically higher rates and the fact that the loan isn't being repaid as quickly.

In fact, with a housing crisis still rampant many homeowners with high cost monthly mortgage payments that don't have credit or mortgage life insurance protection may be putting their families at risk for bankruptcy or years of interest payments on a home loan they can't afford.

It doesn't consider the fact that under the ibr plan, if I end up with a monthly payment amount equivalent to what it would be under the standard payment plan, I would have a very high income.

In fact, if you frequently visit a doctor and you buy a plan with a high deductible and low monthly premium, it's likely that you'll spend more money overall than if you bought a plan with higher premiums, a lower deductible, and lower copayments and coinsurance payments.