Sentences with phrase «higher than the loan»

That's about $ 100,000 higher than the loan limit for this area.

Interest - only loans often have rates about.25 percent higher than loans without this feature.

This produces tremendous risk for the consumer - in the event that they can not make a payments, the loan issuer may seize the borrower's house, the value of which will frequently be much higher than the loan amount.

Taking funds from such a loan and using it pay off a number of debts, probably many of them at interest rates far higher than the loan itself, just makes sense.

This annual percentage rate, or APR, is usually higher than your loan's interest rate because it includes lender and third - party fees you pay to get the loan, including charges designated «PFC.»

The APR also reflects PFC amounts, hence, a rate higher than your loan's note rate.

As a result, an APR tends to be higher than a loan's nominal interest rate.

Another financial contingency would be that the home appraises for significantly higher than the loan amount or raises some sort of red flags.

Their standards are much higher than loan pre-qualification requirements.

The borrower's overall repayment amount may be higher than the loans they are refinancing even if their monthly payments are lower.

The surrender value may be the same or higher than the loan limit.

The illustration below differs from the one above in that the replacement cost is higher than the loan balance.

If the cost to replace your car is higher than your loan balance, it may be best to have new car replacement coverage.

Due to the increased risk of Bridge Loans, the rates are higher than loans from a traditional institution.

Not exact matches

While banks aren't likely to charge rates that high for the loans originated through their partnerships, the rates are likely to be higher than what they offer for more traditional commercial loans, some financial experts say.

Student - loan debt is a ticking time bomb for our economy: It's higher than ever before, and it may be preventing some of the best and brightest young graduates from making their mark in the world of entrepreneurship.

Previously, the rule only applied to high - ratio loans, in which down payments are less than 10 % of the home's value.

Of the nine winners who did report challenges building their startups because of student - loan debt, only three left school owing more than $ 35,000, the average amount for class of 2015 graduates (the highest in U.S. history), according to a report by financial aid resource Edvisors.com.

According to the most recent Biz2Credit Small Business Lending Index, big banks are granting a higher percentage of loan requests than at any time since the mid 2000s.

Repak: While borrowing from friends or family is better than borrowing from a bank and especially those high - interest payday loans, only lend money if you're fine with never getting it back.

For example, if you're paying higher interest on a loan than the interest you're earning on an investment, the wise move is to pay off the loan before adding any more money to the investment.

Securing a business loan can be costly as is, but with less - than - perfect credit, you're looking at higher interest loans that might not be worth the trouble.

Rates are often higher than federal loans and may be variable, he said.

The loans range from $ 500 up to $ 350,000 or more, with interest rates that are slightly higher than bank rates and terms that are in line with conventional loans.

At more than $ 30,000, the average auto loan for a new car is also at an all - time high, according to Experian.

They also use risk - based pricing to issue loans with rates that are equal or slightly higher than banks.

While Chinese banks tend to front - load loans early in the year to get higher - quality customers and win market share, the lofty figure was even higher than the most bullish forecast by economists in a Reuters poll.

On average, private business loans from relatives and friends have interest rates 2 to 3 percent lower than market rates and 1 to 2 percent higher than high - yield savings rates.

«You see a higher share of people with student loan debt in predominately non-white areas than white areas.»

Traditional bank loans take more time to close than higher cost alternative lending products.

Subordinated debt: Has a higher interest rate than senior debt does, in exchange for slightly higher risks (since loans get paid only after senior debt is paid).

A: Microloan interest rates are much higher than typical loan rates because their risks are higher: 12.5 % to 15 % is common.

The loan's total annual cost could be higher than you anticipated.

Applications to refinance a home loan, which usually fall when rates rise, eked out a 1 percent gain for the week and were nearly 2 percent higher than a year ago, when interest rates were lower.

Raymond Yeung, Greater China chief economist at ANZ in Hong Kong, said that China needs to pay attention to high loan growth even if more funds are now flowing into real investment rather than speculative activity.

There are a few hundred microlenders throughout the United States and while they often charge slightly higher interest rates for loans than banks, they've helped 250,000 - 300,000 small businesses each year and lent more than $ 2 billion nationwide during the past 10 years, according to the Association for Enterprise Opportunity (AEO), the trade association for microlenders.

Having a poor credit score will either keep you from obtaining credit altogether or place you in a high - risk category, which means that if you're approved for credit or loans, the interest rates you'll be offered will be significantly higher than someone with excellent credit.

Between 2013 and 2016, Detroit - based Quicken Loans closed more than $ 300 billion in home loan volume across all 50 states, and in 2016, for the seventh consecutive year, earned J.D. Power's highest rating for client satisfaction among all U.S. mortgage lenders.

A weighted average means that the loans with a higher balance influence the interest rate more than loans with a smaller balance — the overall impact of each old loan on the new interest rate is proportional to the comparative balance of that loan.

And through the end of the quarter, the fund has already collected over $ 225 million from interest, principal and asset resolutions at levels significantly higher and sooner than originally anticipated, as well as from a groundbreaking nonperforming loan securitization, which has received a great deal of industry attention.

While it can be helpful to be able to have your parents borrow on your behalf, keep in mind that interest rates on PLUS loans are higher than on subsidized and unsubsidized federal direct student loans, and also carry a one - time loan fee of nearly 4.3 percent.

Borrower 2 saved almost $ 5,000 by going with a fixed rate on Loan B ($ 30,000 for 20 years) even though the initial interest rate was higher than what Borrower 1 secured with a variable - rate lLoan B ($ 30,000 for 20 years) even though the initial interest rate was higher than what Borrower 1 secured with a variable - rate loanloan.

If rates stay elevated into May, rates on new government loans will be about eight - tenths of a percentage point higher than they are today.

The drawback for fixed rate loans is that their interest rates are typically between 1 % and 2 % higher than variable rates to start off with.

The new interest rate can be lower or higher than the weighted average of the old loans and can be fixed (the interest rate won't ever change) or variable (the rate changes based on the market conditions).

If you take out a loan larger than that it will be considered a «jumbo loan» and will have higher interest.

According to Spitzer, Wells Fargo's African American customers in New York were three times more likely than whites to receive high cost loans, at JP Morgan Chase and Citigroup the disparity was 2 - to - 1 and at HSBC, 1.5 - to - l.

Since the length of the loan term is longer, 30 - year fixed mortgage rates tend to be higher than 15 - year fixed mortgage rates.

It typically wouldn't make sense to take out a new loan on your home if the interest rate would be higher than your current mortgage rate.

If interest rates rise over time due to market fluctuations, then these rates have the potential to be substantially higher than the rates for fixed interest rates loans.