Sentences with phrase «higher than your other debts»

But if your mortgage interest rate is higher than those other debts, you might want to focus on paying down the mortgage first.

Mathematically, it makes sense to pay off your highest - interest debt first (The debt - snowball idea of the lowest - balance debt first is totally psychological) For us, our mortgage rate was higher than our other debt (student loans), but we went with the debt - snowball strategy.

If you are using the strategy of paying off the highest rate debts first (the «Avalanche» approach), it becomes a complex optimization problem to determine the ideal payment plan if you have a credit card with a 0 % introductory period that later rises to a nominal rate higher than your other debts.

So, a general rule of thumb is that if the nominal rate of the card is significantly higher than your other debts, pay it off first even if there is a 0 % introductory period.

Not exact matches

«Their economies are actually growing more than other economies, their quality rating is higher, the debt to GDP is much lower than the industrialized world.

Bond investors like mutual funds and pension funds hope to buy securities with comparatively higher yields than other asset - backed debt that could also provide diversification benefits.

China certainly has a high absolute level of debt, with levels much higher than those seen in other emerging market (EM) countries who experienced debt crises, according to Bloomberg data.

This may involve using privatization proceeds to pay down debt, higher corporate taxes, and even higher income taxes if other forms of wealth transfer are robust enough to support them, but one way or another total government debt must be reduced, or at least its growth must be contained to les than real GDP growth.

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...

This is the next great challenge for Beijing, and when the regulators finally do start to repair overextended balance sheet, with a much higher debt - to - GDP ratio than any other country at China's stage of economic development, according to a presentation Monday night by my very smart former student, Chen Long, I expect annual GDP growth rates will continue dropping steadily, by 1 - 2 percentage points a year through the rest of this decade (and there has been increasing talk in the past month or two that GDP growth rates are already 1 - 2 points below the printed rates).

As you can see, Japan is one of the top holders of gold, but at 400 percent, its debt - to - GDP ratio is higher than any other country's in the world.

With debt already higher as a share of Gross Domestic Product (GDP) than at any time other than the aftermath of World War II, this new debt is likely to slow economic growth and hasten the country's fiscal deterioration.

Barclays advised its clients on three M&A deals with a total value of $ 2.5 billion, a higher value than any other bank in Israel, and led the country's debt market by raising $ 1.4 billion in three bond deals.

Businesses with less free cash on their balance sheets and higher debt levels would be expected to be more sensitive to absolute rates and / or interest rate changes than others.

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.

In other words, are households that can afford to meet their debt - servicing requirement likely to change their behaviour in other ways now that they have a higher debt level than formerly?

We had among the most leveraged banks of any country, a house price boom as large as America's or Spain's, and higher levels of household debt than any other country in 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 Revisitdebt 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 RevisitDebt Revisited).

State Republican Chairman Edward F. Cox says New York state's debt per person is higher than any other state.

Using the B&B: 08/12 data, we examine total debt - to - income ratios for individuals who are employed full - time in 2012 and not currently enrolled, and find that black students with graduate degrees have debt - to - income ratios that are 27 percentage points higher than white graduate degree holders (even after controlling for other characteristics such as parental education and income).

It shows that, with each successive transaction, the financial burden has resulted in higher debt - per - student costs as UNO has nearly no other source of revenue other than public transfers via direct subsidies, publicly issued bonds and government contracts.

«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.

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.

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.

If you refinance for a higher amount than the current loan you may also get rid of other debt like credit card balances which have a lot higher interest rates.

This means you will have to find other sources of funds and then place the cash in investment instruments that potentially offer higher returns than the interest rate of your debts.

One would think that refinancing would only solve the problem with your home loan, but truth is that by taking advantage of cash out refinance loans you can request a higher loan amount than the amount of your current mortgage's remaining debt and use that extra money to cancel other non-negotiable debt.

This week, new research from TransUnion found that Canadian consumers who make more than the minimum payments monthly on their credit card debt are also more likely to make higher payments on other types of credit as well.

Second mortgages come at high - interest rates than the first loan but this is still lower than other types of debt.

On the other hand, this means that as a borrower you may rack up debt that then continues to expand because of interest rates that are much higher than normal.

Second mortgages come with higher interest rates than the first but still, they are cheaper than other forms of debts.

Stress about money and finances is more common than ever, but for many people with student loan debt, those stress levels are much higher than any other demographic.

Because credit card debt is unsecured, the rates are much higher for these debts than many others.

In order to qualify, your income must be sufficient to pay off some of your debts, but not so high that you should be able to find means of repayment other than bankruptcy.

Debt consolidation loans, on average, carry a higher interest rate than other types of dDebt consolidation loans, on average, carry a higher interest rate than other types of debtdebt.

Use to be that if a borrower had other compensating factors such as a large reserve of liquid assets then they would approve the loan with a higher than normal debt to income ratio.

By today's standards, a good customer can simply be late paying a debt other than the credit card and find their interest rates skyrocket, sometimes as high as 30 %.

Start by eliminating student loans and other non-mortgage debt — the interest you pay on these loans is usually higher than the guaranteed interest you can earn on investments.

They have other debt, which can lead to a less - than - perfect credit score, so the banks won't lend to them, so they go to a high interest payday lender.

Credit cards and unsecured personal loans usually have higher interest rates than other forms of secured debt like a mortgage, home equity loan or an auto loan.

Although it is up to you to decide what is the best thing to do, the pros of prepayment outweigh the cons as you will end up being debt free faster and there are no other risk free financial instruments that offer guaranteed returns that are higher than the rate of interest you will pay on your home loan.

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.

Using a loan to consolidate debt means getting more money from the loan than you still owe on the home for the purpose of paying off credit card debt and any other debt with a higher interest rate than your mortgage.

Mortgage debt is higher in New Jersey than it is in nearly any other state.

On the other hand, you might need to keep that credit card intact in the interim if you have debt where you are paying even higher interest rates than other cards.

In addition, your total monthly indebtedness - what you would pay for the mortgage and any other monthly debt payments such as an auto or student loan - should come to no more than 43 percent of your monthly income, although some lenders prefer to see it no higher than 36 percent.

You might be in a situation where your credit cards don't have the highest interest rates of all your debts so rather than paying them off target the other debt before your credit cards... which brings me to the point that paying off the highest interest rate credit cards first will make your celebration that much more satisfying.

You might be in a situation where your credit cards don't have the highest interest rates of all your debts; so rather than paying them off, you target the other debt before your credit cards.