Sentences with phrase «increases after the introductory period»

But be careful, your interest rate and monthly payment will increase after the introductory period, which can be 3, 5, 7 or even 10 years, and can climb substantially depending on the terms of your specific loan.

Generally, mortgage rates on ARMs increase after the introductory period ends, and can keep increasing up to the cap set in the mortgage documents.

If the interest rate increases after the introductory period of the ARM ends, your monthly payments will increase, too.

Not exact matches

The assigned rate will become effective after the expiration of the nine - month introductory period unless a default occurs under the Customer Agreement and we elect to increase the rate, or we exercise our right to change the terms of the account.

Standard APR After Promotional Period: If you won't pay off your entire balance before the introductory APR period ends, then you should consider how much your APR may increase since you will end up paying interest on the remaining baPeriod: If you won't pay off your entire balance before the introductory APR period ends, then you should consider how much your APR may increase since you will end up paying interest on the remaining baperiod ends, then you should consider how much your APR may increase since you will end up paying interest on the remaining balance.

Keep in mind that some people will use a balance transfer initially and will refinance the remaining debt into a consolidation loan after the introductory period expires and the rate increases.

Such cards have an introductory 0 % interest rate, which increases after a promotional period, usually no more than 21 months.

Standard APR After Promotional Period: If you won't pay off your entire balance before the introductory APR period ends, then you should consider how much your APR may increase since you will end up paying interest on the remaining baPeriod: If you won't pay off your entire balance before the introductory APR period ends, then you should consider how much your APR may increase since you will end up paying interest on the remaining baperiod ends, then you should consider how much your APR may increase since you will end up paying interest on the remaining balance.

APR: 0 % Introductory APR on purchases and balance transfers for 12 months, the rate increases to 13 % -23.24 % variable after the initial period expires

Be cautious of low introductory interest rates that can increase greatly after their initial low interest period

Such cards have an introductory 0 % interest rate, which increases after a promotional period, usually no more than 21 months.

A higher credit limit will increase your earnings too, but don't worry about the interest rate after the introductory period expires as we wont be keeping the balance anyway!

This rate is increased to 23.24 % after the intro period; this same rate is used for regular purchases without the introductory period.

This rate increases to a range of 13.24 % to 23.24 % after this introductory period.

Adjustable Rate Mortgage (ARM)-- A 30 year mortgage with a very low introductory fixed rate (1, 3, 5, 7, or 10 years) then incrementally increasing interest rates after the introductory period is over.

The interest rate on the 1 - year and 3 - year versions can not increase by more than 1 % per year after the introductory period or by more than 5 % over the life of the loan.

The interest rate on the 5 -, 7 -, and 10 - year ARMs can not increase by more than 2 % per year after the introductory period, and the lifetime cap is also higher, at 6 %.

For example, a 5/1 ARM might have a cap structure of 2 -2-6, meaning that in year six (after the introductory period expires) the interest rate can increase by 2 %, in subsequent years the interest rate can increase by an additional 2 %, and the total interest rate can never increase by more than 6 %.

After the Introductory Rate period expires, the periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.

For the first fifteen months of opening an account, there is a 0 % introductory APR, but this rate is increased to somewhere between 14.24 % and 23.24 % after the intro period.