Sentences with phrase «higher than other loan»

Interest rates on FHA mortgages tend to be higher than other loan types because most FHA loans are taken out by riskier borrowers.

It's possible to get cash out with your jumbo loan, and the loan limits might be much higher than other loan options.

Given that you can potentially qualify for a loan with poor credit, the interest rate may be higher than other loan types.

Also, the maximum loan amount could be much higher than other loan products.

Additional detractors are that fixed rates are higher than other loans leading to higher mortgage payments and the rate won't drop if prevailing interest rates improve.

Not exact matches

Also, the SBA does not allow other fees to be assessed by the lender unless there are extreme circumstances, such as a higher - than - normal servicing required by the loan.

The SBA does not allow other fees to be assessed by the lender unless there are extreme circumstances, such as higher - than - normal servicing required by your loan.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

However, even though interest rates on personal loans may be lower than some other options, a decent amount will go toward interest if your rate is 10 % or higher.

The important thing to remember is, all other things being equal, a lower student loan interest rate is better than a higher one — but you need to consider all of the terms of the loan including whether the rate is fixed or variable and what your loan repayment options are to ensure you get the best overall deal.

While the rates offered by the company were much higher than those for other online lenders, customers are not required to provide collateral, and rates are still lower than what you would see for payday loans or no credit check loans.

You can get funds within 24 - 48 hours after you are approved for a loan, and APRs range between 19.99 % and 49.99 %, which is comparable to rates offered by other online lenders (though this still may be higher than APRs offered by a bank or credit union).

The interest rates are also generally higher than other lenders; that can be a problem if you're looking for a longer - term loan to give yourself more time.

The Pennsylvania legislature recently passed a bill that will ensure borrowers are up - to - date on their student loan debt.The average Pennsylvania college student graduates with $ 35,000 in student loans, which is higher than any other state in the U.S. And within three years of graduation, 10 percent of Pennsylvania student loan borrowers default on their debt.In order to combat this problem, the Pennsylvania House of Representatives recently passed a bill that would ensure students stay informed about how much debt they are accumulating.HB 2124 would require all colleges and universities to provide annual notices to students about their outstanding student...

For the 2017 - 2018 school year, the interest rate on PLUS Loans — 7.00 % — is much higher than on other types.

While Upgrade doesn't make loans quite that high, you can still borrow up to $ 50,000, which is more than most other lenders with lower credit score thresholds allow.

But mortgages and other loan rates will always be higher than Treasurys.

Parent PLUS Loans have high interest rates compared to other federal student loans and even cost more than some private student lLoans have high interest rates compared to other federal student loans and even cost more than some private student lloans and even cost more than some private student loansloans.

Jumbo loans typically have higher interest rates than their conforming counterparts, all other things being equal.

For one thing, its home loan rates and fees aren't particularly low when compared to mortgages at other banks, and they actually lead to higher costs than at most direct lenders.

They typically come with shorter loan terms and higher rates than other student loans.

But it is true that lenders set a higher bar for conventional loan applicants than for other applicants — FHA buyers, for instance.

If you look at Page 3 of C's Y - 9 performance report, you'll see that C's yield on loans is 2 % higher than the large bank peer group, yet the bank has a spread on earning assets half a point lower than other large banks.

Their average APR is a bit higher than some of the other consolidation loan companies, but still lower than most credit cards.

Their average APR is a bit higher than some of the other consolidation loan firms, but still lower than most credit cards.

Your rate is calculated based on a variety of factors, including credit qualifications, loan - to - value, line loan amount and other criteria, but generally may be higher than a conventional loan interest rates.

A bonus could be a great way to pay down debt, particularly when it comes to credit cards because they have higher interest rates than most other loans.

Often their revolving balance is much higher than what is listed, and / or they have loans other than credit card debt, or income doesn't include their spouse's income, etc..

You may want to consider other options if you owe more than your annual income in the form of «bad» debt (e.g., high - interest credit cards or payday loans), you simply can not make minimum payments on time, or a debt management plan can't reduce your monthly debt payment to a manageable amount.

If a graduate is sued, they'll also owe expensive collection fees, which are higher for Perkins loans than for other types of federal student loans.

With these types of loans, you'll typically get higher interest rates than other lenders.

Drawbacks: Like many other lenders on this list, APRs will be higher than what you would get on a conventional loan or even a prime online loan.

According to a Reuters article, «the total stock of non-performing loans (NPL) in the EU is estimated at over $ 1 trillion, or 5.4 % of total loans, a ratio three times higher than in other major regions of the world.»

The 1980s African debt crisis was created by a variety of factors (much more complex than the commonly attributed «poor African leadership» theory), including irresponsible over-lending by private creditors seeking high returns, the tendency towards one product commodity economies, the targeting of developing countries for high interest loans, the global monetary shock of 1979 - 81, trade protectionism in Northern countries, the depreciation of the US dollar, the prolonged drought of 1981 - 84, among other factors (see African Debt Revisited).

By including the other layers, Poledna and colleagues found that the actual risk was 90 % higher than the risk just from interbank loans.

By chance, Craig has just run into an old high school pal, Vince (Ethan Embry), who works as a collector for a loan shark and is more than ready to cut corners — among other things — en route to a big score.

In addition to the activities described above, the FAST Act expanded eligible purposes to include financing economic development, including commercial and residential development, and related infrastructure and activities, that (i) incorporate private investment, (ii) is physically or functionally related to a passenger rail station or multimodal station that includes rail service, (iii) has a high probability of the applicant commencing the contracting process for construction not later than 90 days after the date on which the RRIF loan or loan guarantee is obligated, and (iv) has a high probability of reducing the need for financial assistance under any other Federal program for the relevant passenger rail station or service by increasing ridership, tenant lease payments, or other activities that generate revenue exceeding costs (Transit - Oriented Development Projects or TOD Projects).

Of the borrowers, 97 % are women and over 97 % of the loans are paid back, a recovery rate higher than any other banking system.

Unless you're using your credit card simply to earn points before paying off the purchase in full, APRs on credit cards are usually much higher, averaging 16 %, than other solar loan options.

Jumbo loans typically have higher interest rates than their conforming counterparts, all other things being equal.

In other words, FHA loans have a higher delinquency rate but a lower foreclosure rate than mortgages generally.

«While consolidation loans often have higher interest rates than auto loans, no down payment is required, and consolidating the auto loan at a higher rate will offset when other debts are refinanced at a lower rate than you currently pay,» an Autos.com article said.

For one thing, OppLoans offers higher loans than other short - term loans services; between $ 1,000 and $ 10,000.

Peer to peer loans can also be a great deal for investors, since they may be able to earn a much higher return on their money than through other common alternatives.

For this reason, personal loans tend to have higher interest rates than other loan types.

If the interest rates on your other debt - car or student loan or mortgage - is higher than what you could earn by saving or investing (consider that the average annual inflation - adjusted historical return of the U.S. stock market is just over 6 %), you'd be wise to pay that down first too.

Also, these loans have a higher APR than other personal loans.

Don't use debt consolidation if the lender is offering you a loan at a higher interest rate than the average interest rate on the other accounts that you plan to pay off with the loan.

As used in this paragraph, a «Covered Borrower» means any person who, at the time such person becomes obligated on a loan transaction or establishes an account for consumer credit, satisfies the requirements under any one or more of the following classifications, or is otherwise under applicable laws deemed to be a «Covered Borrower» under the Military Lending Act, 10 U.S. Code Section 987: (a) An active duty member of the Army, Navy, Marine Corps, Air Force or Coast Guard, or a person serving on active Guard and Reserve duty (a person described in this clause (a) of the definition of «Covered Borrower» is hereinafter referred to as a «Service Member»); or (b) Any of the following persons, relative to a Service Member: (1) The spouse; (2) A child under the age of 21; or (3) If dependent on the Service Member for more than one half of such person's support, any one or more of the following persons: (i) A child under the age of 23 enrolled in a full time course of study at an institution of higher learning; (ii) A child of any age incapable of self support due to a mental or physical incapacity that occurred before attaining age 23 while such person was dependent on the Service Member; (iii) Any unmarried person placed in legal custody of the Service Member who resides with such Service Member unless separated by military service or to receive institutional care or under other circumstances covered by Regulation; or (iv) A parent or parent - in - law residing in the Service Member's household.

When there is no collateral to secure the loan, and especially when the borrower has a poor credit history, interest rates will be higher than for other loans.