Sentences with phrase «initially than variable rates»

Fixed interest rates, if available, may be slightly higher initially than variable rates, but fixed rates offer stable monthly payments over the life of the credit line.

Not exact matches

Banks initially responded to the competition from mortgage managers by product innovation aimed at new borrowers, rather than cutting their main standard variable interest rates.

Since lenders bear the interest rate risk of a fixed rate loan (the risk of rates rising), interest rates are generally initially higher on a fixed rate loan than on a variable rate loan.

Keep in mind, these rates are variable so, by the time the go - to APR kicks in, the interest rate may be higher than when you initially signed up.

If you have less than excellent credit, your variable rate loan will initially be higher than our scenarios, which could make the fixed rate loan more attractive.

While the interest rate and / or monthly payment amount for variable rate loans will initially be less than fixed rate loans, the longer the deferment period and repayment term, the greater the opportunity for variable interest rates and monthly payments to fluctuate.

Typically the interest rate for fixed rate reverse mortgages is initially higher than the variable rate because these loans are more risky for the lender.

While the monthly payment amount for variable rate loans will initially be less than fixed rate loans, the longer the repayment term is, the greater the opportunity for variable interest rates and monthly payments to fluctuate.

These rates are usually initially higher than variable interest rates because they do not change over the life of the loan.

While the interest rate may initially be higher than a variable rate, you never have to worry about it changing.

The average student loan interest rate for variable rate student loans tends to be lower than fixed rate loans, at least initially.

The biggest downside to fixed - rate loans is that they are almost sure to have higher interest rates than their variable counterparts, at least initially, and this has to do with risks.

Typically the interest rate for fixed rate reverse mortgages is initially higher than the variable rate because these loans are more risky for the lender.