Sentences with phrase «fall over the term of your loan»
This means the interest rate can rise or fall over the term of your loan.
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If you lower your interest rate but increase your loan term length, your payment will likely fall, but you may also end up paying more over the life of your loan.
Over the last seven or so years many Americans have fallen into debt due to extreme circumstances of long - term unemployment, student loans, upside down mortgages, short sales, and foreclosures.