Sentences with phrase «fluctuate over the life of the loan»

The interest rate is also variable, which means it fluctuates over the life of the loan.

The interest rate is also variable, which means it fluctuates over the life of the loan.

When you refinance your student loans you can often get a lower rate on a variable loan, but your rate may fluctuate over the life of the loan.

Borrowers who chose this type must be prepared for their monthly payment amount to fluctuate over the life of the loan.

This means that your payments will keep fluctuating over the life of the loan.

In contrast, with a variable or adjustable rate mortgage, the interest rate will fluctuate over the life of the loan.

Adjustable Rate Mortgage (ARM)[top] A mortgage where the interest rate fluctuates over the life of the loan.

The interest rate on an adjustable - rate mortgage fluctuates over the life of the loan.

A variable rate is an interest that fluctuates over the life of a loan based on market conditions.

Loans with fixed interest rates like federal student loans have a set APR that will NOT fluctuate over the life of the loan.

The interest rate does not fluctuate over the life of the loan, so the total amount of principal and interest always remains the same.

Not exact matches

Unlike fixed rates, which stay the same over the life of the loan, variable rates fluctuate over time.

One reason is that, while an APR attempts to blend up - front costs into an average, overall rate you'll pay over the life of the mortgage, with an adjustable - rate loan you really have no way of knowing what that rate will actually be because it will fluctuate as mortgage rates change.

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.

Fixed rates stay the same over the life of your loans, whereas variable rates fluctuate with the prime index.